Integer price target lowered to $82 from $155 at Piper Sandler

Piper Sandler analyst Matt O’Brien lowered the firm’s price target on Integer (ITGR) to $82 from $155 and keeps an Overweight rating on the shares. The firm notes Integer reported Q3 results that beat on the top and bottom lines. This was overshadowed, however, by the company’s initial 2026 outlook reflecting a three-quarter headwind from softer-than-expected uptake of three newer product launches. Piper understands investor concerns surrounding Integer’s visibility into the business, but this does happen occasionally at CMOs, and they typically recover given their importance to their OEM customers, which it anticipates will be the case here. The firm does expect a bumpy path for them in the coming months and cannot rule out a broader inventory consolidation, but given the pullback in the name and corresponding valuation cut to lowered numbers, the firm remains bullish and anticipates the stock will recover over the next 12 months.