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Silk Road Medical price target raised to $18 from $11 at Piper Sandler

Piper Sandler analyst Adam Maeder raised the firm’s price target on Silk Road Medical to $18 from $11 and keeps a Neutral rating on the shares. The firm notes Silk Road Medical reported Q4 results, including sales of $47.3M, which came in ahead of the Street’s $42.1M bogey. Additionally, the company guided to full year 2024 revenue of $194M-$198M, which came in slightly above Street expectations.

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