Teleflex price target raised to $265 from $225 at Wells Fargo

Wells Fargo analyst Lawrence Biegelsen raised the firm’s price target on Teleflex to $265 from $225 and keeps an Equal Weight rating on the shares after hosting management for investor meetings in Boston. The firm thinks the company can put up 6%-plus organic growth in 2024, but believes management will guide conservatively to start off the year, much like in 2023 where it raised top-line guidance from 4.75%-6.25% initially to 6.40%-6.60% in Q3.