Wells Fargo lowered the firm’s price target on Teleflex (TFX) to $116 from $139 and keeps an Equal Weight rating on the shares. The firm is updating its estimates for the Q4 pre-announcement and recent commentary on Remainco. Wells sees Teleflex guiding to Remainco EPS of $7.50-$8.00 with upside from capital deployment.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFX:
- Target upgraded, Stryker downgraded: Wall Street’s top analyst calls
- Teleflex: Strategic Divestitures Unlock Undervalued Long‑Term Earnings Power, Supporting Buy Rating
- Teleflex upgraded to Buy from Hold at Needham
- Teleflex completes CEO transition and separation agreement
- Teleflex: Strategic Uncertainty, Leadership Transition, and Slowing Growth Drive Sustained Underperform (Sell) Rating