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Teleflex price target raised to $135 from $130 at RBC Capital

RBC Capital raised the firm’s price target on Teleflex (TFX) to $135 from $130 and keeps a Sector Perform rating on the shares. The company’s Q2 earnings beat alleviates concerns over downside risk amid operational improvements, the analyst tells investors in a research note. Teleflex’s planned business separation remains on track, with management noting continued significant third-party interest in acquiring NewCo, the firm added.

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