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Staar Surgical price target lowered to $40 from $45 at Stifel

Stifel analyst Thomas Stephan lowered the firm’s price target on Staar Surgical to $40 from $45 and keeps a Hold rating on the shares following last week’s investor day meeting. The firm highlights what it sees as a “low bar” for long-term market-level U.S. share gains and a “higher bar” for U.S. share gains on a practice-by-practice basis. The firm also calls operating margin goals “achievable at the low-end/midpoint but more challenging at the high-end.”

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