These Analysts Revise Their Forecasts On CONMED After Q4 Results CONMED, Needham, Orthopedics, Mike Matson, Wells Fargo, Price targets, Durgesh Chopra, General Surgery, Adjusted diluted net earnings, Full-year 2024 reported revenue by https://www.benzinga.com/
AI Insights:
Simple Explanation:
A company called CONMED had a good quarter and shared their plans for the next year. They think they will make more money in 2024 because they have many different things to sell to doctors and patients. Some people who study companies changed how much they think CONMED's stock is worth after hearing this news. One person thinks it should be worth more, while another thinks it should be worth less. The company's stock closed at $95.60 on Wednesday. Read from source...
Critical Perspective:
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Investment Analysis:
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1. Buy CONMED shares based on strong Q4 results, positive outlook for 2024, and analyst upgrades.
2. Hold CONMED shares as a long-term growth play in the medical devices sector with exposure to both General Surgery and Orthopedics categories.
3. Consider diversifying your portfolio by adding other medical device stocks such as Intuitive Surgical (ISRG), Medtronic (MDT), or Johnson & Johnson (JNJ).