Penumbra price target raised to $250 from $202 at Deutsche Bank

Deutsche Bank analyst Pito Chickering raised the firm’s price target on Penumbra to $250 from $202 and keeps a Buy rating on the shares. Based on sales data through November, Penumbra’s Q4 total U.S. revenue is tracking up up 5% year-over-year, which is roughly in-line with Deutsche’s modeled 7% growth, Chickering tells investors in a research note. The analyst notes the data has been tracking slightly lower than actual results for the past several quarters.