UPDATE: Piper Jaffray Lowers Price Target On Merit Medical Systems

According to Piper Jaffray, Merit Medical Systems

price target is lowered to $18. Piper Jaffray said that it is lowering its price target due to a decrease in the market multiple. “We maintain our Overweight rating on Merit Medical while lowering our price target to $18 (from $21).” Merit Medical Systems closed yesterday at $14.45.