Merit Medical acquisition ‘another prudent solid tuck-in,’ says Piper Jaffray

Piper Jaffray analyst Matt O’Brien views Merit Medical Systems’ acquisition of Vascular Insights as “another prudent solid tuck-in” for the company. Vascular’s assets, used for the treatment of varicose veins, complement an “already substantial” vascular portfolio and should allows Merit’s “large global salesforce” to address this $700M global market, O’Brien tells investors in a research note. He reiterates an Overweight rating on the shares with a $75 price target.
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