Benchmark lowered the firm’s price target on Tenon Medical to $3 from $5 and keeps a Speculative Buy rating on the shares. The firm is raising its fully-diluted share count assumptions after updating its models for the 10-K filing, calling out the release of data from post market studies later this year that could help increase market acceptance for the CATAMARAN and accelerate revenue uptake as the next catalyst for the stock.
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