Integer rises on strong Q4 prelim revenue, Wells Fargo PT raise

Integer Holdings

11/01/2024 18:46

** Shares of Integer Holdings  ITGR.N  rise ~4.1% to
$102.28, its highest ever
    ** Co said in its prelim results late on Wednesday that its
Q4 revenue is expected to be between $411 mln and $413 mln
compared to analysts' average expectation of $405.15 mln
    ** Wells Fargo raises PT for co to $100 from $86 
    ** With 4 deals in the last 25 months, ITGR is now pointing
investors to a consistent pace of M&A as part of its goforward
growth - Wells Fargo
    ** The brokerage estimates that the InNeuroCo and Pulse
acquisitions combined will contribute to 4% growth in revenue in
2024
    ** Stock was up 44.7% in 2023

    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))