Canaccord analyst John Young lowered the firm’s price target on Merit Medical (MMSI) to $93 from $104 and keeps a Buy rating on the shares. The firm noted the company’s announement that CMS had notified the company that its application for Transitional Pass-Through, which would have provided incremental reimbursement for Wrapsody in the outpatient and ASC settings, would require further consideration from CMS prior to it making a final decision.
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