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Kestra Medical initiated with a Buy at Stifel

Stifel initiated coverage of Kestra Medical (KMTS) with a Buy rating and $28 price target Over the next three years, the firm sees Kestra’s Assure system as “primed for steady share-gain” and 40% sales growth year-over-year. Stifel views Kestra’s Assure wearable cardiac protection and monitoring system as a “compelling, clinically-differentiated solution” for the 850,000 U.S. patients at elevated-risk of sudden cardiac arrest.

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