CVRx price target raised to $30 from $24 at Craig-Hallum

Craig-Hallum raised the firm’s price target on CVRx to $30 from $24 and keeps a Buy rating on the shares after the company issued preliminary Q4 revenue of $11.2-11.3M, beating the Street’s $10.8M and representing growth of 56%-58%. The beat was primarily driven by strong U.S. sales, fueled by increased utilization and new centers coming online, the firm notes.