Canaccord analyst William Plovanic lowered the firm’s price target on CVRx to $22 from $23 and keeps a Buy rating on the shares. The analyst noted the company reiterated the 2023 and Q1/23 guidance but Canaccord lowered their target on a lower revenue outlook offset by higher comp group multiples.
Published first on TheFly
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Read More on CVRX:
- CVRx sees FY23 revenue $35M-$38M, consensus $37.03M
- CVRx reports Q4 EPS (51c), consensus (56c)
- CVRx Reports Fourth Quarter and Full Year 2022 Financial and Operating Results
- CVRx to Report Fourth Quarter and Fiscal Year 2022 Financial and Operating Results and Host Conference Call on January 26, 2023
- CVRx price target raised to $18.50 from $14 at Piper Sandler
