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Globus Medical price target raised to $90 from $80 at Piper Sandler

Piper Sandler analyst Matt O’Brien raised the firm’s price target on Globus Medical (GMED) to $90 from $80 and keeps an Overweight rating on the shares. The firm notes the company reported Q3 results with sales and adjusted EPS landing above expectations. Management raised full year guidance on the top- and bottom-lines by more than the beat instilling confidence in the remainder of the year.

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