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Merit Medical price target lowered to $106 from $117 at Wells Fargo

Wells Fargo analyst Larry Biegelsen lowered the firm’s price target on Merit Medical (MMSI) to $106 from $117 and keeps an Overweight rating on the shares. The firm notes Merit Medical reported Q1 sales/EPS ahead of consensus and reaffirmed FY25 sales guidance. FY25 EPS outlook is impacted by tariffs and the convert. Merit Medical expects to see a lesser, annualized impact in FY26 due to mitigation strategies, Wells adds.

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