Teleflex price target raised to $139 from $114 at Wells Fargo

Wells Fargo raised the firm’s price target on Teleflex (TFX) to $139 from $114 and keeps an Equal Weight rating on the shares. While a sale was largely expected at this point, the sale price of $2.03B for NewCo was higher than the firm and the Street were expecting. RemainCo assets are more attractive and faster growing, but key will be better execution going forward, Wells adds.