Truist downgraded OrthoPediatrics to Hold from Buy with a price target of $31, down from $39. The analyst has less confidence in estimate upside “which makes it hard to argue for a higher multiple.” The firm expects OrthoPediatrics’ core implant growth to continue to decelerate in 2024. It thinks the stock’s valuation fairly reflects the company’s’ growth potential.
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Read More on KIDS:
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