BTIG downgraded Treace Medical (TMCI) to Neutral from Buy without a price target The company’s implied Q4 outlook was “surprisingly bad,” the analyst tells investors in a research note. The firm says Treace’s “sudden and sizable” guidance reduction to fiscal 2025 estimates suggests a “massive slowdown” in Q4. Physicians are not taking to Lapiplasty as quickly as they are opting for minimally invasive surgery offerings against the backdrop of a weakening macroenvironment, contends BTIG.
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