UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Teleflex as Catalyst for 2015 Leverage is on the Horizon

In a report published Monday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on

, and raised the price target from $106.00 to $114.00. In the report, Morgan Stanley noted, “Teleflex remains our top SMID pick and we are raising our price target from $106 to $114. Revenue acceleration should drive multiple expansion and near-term catalysts to improve visibility on margin expansion remain underappreciated. Conviction in 2015 EPS 7% above consensus is higher post 4Q13.” Teleflex closed on Friday at $101.19.