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Penumbra price target raised to $318 from $301 at Stifel

Stifel analyst Mathew Blackman raised the firm’s price target on Penumbra (PEN) to $318 from $301 and keeps a Buy rating on the shares. Q1 results were “across-the-board ahead of expectations” and the company re-affirmed or raised key guidance metrics, says the analyst, who sees Penumbra “emerging as a port in stormy waters.”

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