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Merit Medical price target lowered to $83 from $92 at Baird

Baird analyst David Rescott lowered the firm’s price target on Merit Medical (MMSI) to $83 from $92 and keeps an Outperform rating on the shares. The firm updated its model following encouraging upside Q1 results nut where theback-end growth ramp likeely weighs on the shares until the second half of the year.

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