Morgan Keegan Has Market Perform On Teleflex Incorporated

Morgan Keegan has a Market Perform rating and a $60 price target on shares of Teleflex Incorporated TFX. In a note to investors, Morgan Keegan writes, "With additional details available from Teleflex's debt offering, we provide updated thoughts and analysis. Recall, on June 1, 2011 Teleflex announced plans for a public offering of $250 mn senior subordinated notes due 2019. We estimate that the debt offering is $0.12 dilutive to the remainder of 2011. At this point, we are reducing our 2011 estimate by $0.08 given the potential for offsets from current operations. There is no change to our Market Perform rating and $60 price target." Shares of TFX lost 36 cents on Friday to close at $59.51, a loss of 0.6%.