Tela Bio price target lowered to $6 from $8 at Lake Street, buy on weakness

Lake Street lowered the firm’s price target on Tela Bio (TELA) to $6 from $8 and keeps a Buy rating on the shares. Tela Bio’s Q4 results were significantly below expectations on unexpected sales force turnover due to aggressive external recruiting, and guidance was below expectations as Tela rebuilds the sales organization, the analyst tells investors in a research note. The firm recommends buying shares on the weakness.

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