B. Riley lowered the firm’s price target on Paragon 28 to $23 from $28 and keeps a Buy rating on the shares. Paragon 28’s topline was relatively in line with expectations, and management sees GLP-1 fears as overblown, and thinks this actually be a headwind for foot and ankle in the short- and long-term, the analyst tells investors in a research note.
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Read More on FNA:
- Paragon 28 price target lowered to $23 from $30 at JMP Securities
- Paragon 28 price target lowered to $14 from $24 at Needham
- Paragon 28 price target lowered to $14 from $25 at Canaccord
- Paragon 28 backs FY23 revenue view of $214M-$218M, consensus $217.4M
- Paragon 28 reports Q3 adjusted EBITDA ($1.2M) vs. ($2.7M) last year
