UPDATE: Piper Jaffray Lowers Price Target On Merit Medical Systems
According to Piper Jaffray, Merit Medical Systems (NASDAQ: MMSI) price target is lowered to $18.
Piper Jaffray said that it is lowering its price target due to a decrease in the market multiple. “We maintain our Overweight rating on Merit Medical while lowering our price target to $18 (from $21).”
Merit Medical Systems closed yesterday at $14.45.
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