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Tenon Medical initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Tenon Medical (TNON) with a Buy rating and $3 price target The company is designing, developing, and selling a surgical implant system to treat severe lower back pain, the analyst tells investors in a research note. The firm expects strong revenue growth for Catamaran and believes it could drive the company into profitability. It believes the market for sacroiliac joint treatment is substantial.

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