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Morgan Stanley: Teleflex's Management Remains Confident

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In a research report published earlier today, Morgan Stanley commented that it is not as confident in Teleflex's (NYSE: TFX) strategy as management is.

According to Morgan Stanley, “Management meetings suggest confidence in the top line and commitment to investing in product differentiation. Teleflex's ability to reach 7% sales growth and 5% R&D spending long-term is less clear, but we are not convinced those levels are necessary to drive value.”

Morgan Stanley maintains its Equal-weight rating on Teleflex, which closed yesterday at $61.24.

 

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