Integer downgraded to Neutral at BofA after guidance cut

As previously reported, BofA downgraded Integer (ITGR) to Neutral from Buy with a price target of $87, down from $135. The company’s 2026 guidance cut is “a reminder that visibility is not as clear as it appears” given risk with high customer concentration and an outlook tied to customer product performance, the analyst tells investors. Noting that the pulse field ablation market exploded but Integer growth slowed, the firm argues that Integer “does not appear to be tied to the winning products in PFA.”