RBC Capital analyst Shagun Singh lowered the firm’s price target on Teleflex (TFX) to $120 from $135 and keeps a Sector Perform rating on the shares. The company delivered a 9% upside surprise to EPS, but shares retracted 13% likely on the quality of the beat and intra-aortic balloon pump U.S. headwinds, resulting in 2025 revenue guide reduction of 100bps at the midpoint, the analyst tells investors in a research note. RBC is also cutting its price target to reflect business headwinds, the firm added.
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