Artivion price target lowered to $22 from $26 at Needham

Needham lowered the firm’s price target on Artivion to $22 from $26 and keeps a Buy rating on the shares. The company’s constant currency revenue growth improved to 12% in Q3 from 11% in Q2, and Artivion should be able to sustain double-digit revenue growth with faster EBITDA growth, though the firm’s reduced price target reflects peer multiple contraction, the analyst tells investors in a research note.