H.C. Wainwright lowered the firm’s price target on AngioDynamics to $14 from $18 and keeps a Buy rating on the shares after the company completed the sale of its PICC and Midline product portfolios for up to $45M in cash. The firm says that in order to improve gross margin and advance towards profitability, AngioDynamics has initiated a restructuring towards an outsourced model of manufacturing.
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- AngioDynamics price target lowered to $17 from $19 at Canaccord
- AngioDynamics price target lowered to $18 from $20 at H.C. Wainwright