B. Riley lowered the firm’s price target on Tactile Systems (TCMD) to $12 from $18 and keeps a Neutral rating on the shares post the Q1 report. The company posted an earnings miss and lowered fiscal 2025 outlook, the analyst tells investors in a research note. The firm cut the target to reflect the lowered outlook and falling peer multiples.
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Read More on TCMD:
- Tactile Systems Technology’s Mixed Earnings Call Outlook
- Piper downgrades Tactile Systems to Neutral after ‘disappointing” Q1
- Tactile Systems downgraded to Neutral from Overweight at Piper Sandler
- Tactile Systems Technology Reports Mixed Q1 2025 Results
- Tactile Systems reports Q1 EPS (13c), consensus (6c)