Stock Track | Merit Medical Plummets 6.86% Intraday After JPMorgan Slashes Price Target
Stock Track
May 01
Merit Medical Systems Inc. (MMSI) saw its shares plummet 6.86% during intraday trading on Friday, following a significant analyst downgrade.
JPMorgan lowered its price target on Merit Medical to $77 from $95, while maintaining an Overweight rating on the shares. The substantial reduction in the price target reflects lowered expectations for the company's stock performance.
The negative analyst action prompted a sell-off among investors, leading to the sharp decline in Merit Medical's share price at the market open.
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