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Delcath Systems price target raised to $21 from $18 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Delcath Systems (DCTH) to $21 from $18 and keeps a Buy rating on the shares. Delcath delivered strong preliminary Q4 results that were ahead of expectations, as the holiday seasonality mentioned on the Q3 earnings call did not have the impact management expected, the analyst tells investors in a research note. The firm believes its estimates can still prove conservative.

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