In a report published Wednesday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on Teleflex TFX, and raised the price target from $114.00 to $120.00.
In the report, Morgan Stanley noted, “Teleflex's margin expansion initiative is likely catalyzed by a restructuring announcement in 1H14. Increased visibility on earnings upside and an emerging, underappreciated organic revenue picture bode well for both EPS upside and the multiple. We are increasing our PT to $120.”
Teleflex closed on Tuesday at $104.02.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in