Morgan Keegan Maintains Market Perform Teleflex

Morgan Keegan is out with its report today on Teleflex

, maintaining Market Perform. In a note to clients, Morgan Keegan writes, "Although there will need to be near-term investment in systems and other measures to streamline the operations, we believe that productivity improvement is likely in the latter part of the long-range plan. Given our preference to see signs of margin expansion, we maintain our estimates, Market Perform rating, and $64 price target." At the time of posting, shares of TFX were trading at $62.80, down 0.08% from Wednesday's close.