Penumbra price target raised to $308 from $286 at Canaccord

Canaccord raised the firm’s price target on Penumbra to $308 from $286 and keeps a Buy rating on the shares. The analyst said management was extremely bullish on the ongoing Lightning Flash and recent Lightning Bolt launches and expect both product launches to drive the majority of the business momentum going forward; with management calling out that Flash has been the best launch in company history.