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Analysts Conflicted on These Healthcare Names: Merit Medical Systems (MMSI), LB Pharmaceuticals, Inc. (LBRX) and Cytokinetics (CYTK)

Tipranks - Thu Feb 26, 6:44AM CST

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Merit Medical Systems (MMSIResearch Report), LB Pharmaceuticals, Inc. (LBRXResearch Report) and Cytokinetics (CYTKResearch Report).

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Merit Medical Systems (MMSI)

Bank of America Securities analyst Travis Steed reiterated a Hold rating on Merit Medical Systems today and set a price target of $100.00. The company’s shares closed last Tuesday at $82.43.

According to TipRanks.com, Steed is a 4-star analyst with an average return of 4.9% and a 56.1% success rate. Steed covers the Healthcare sector, focusing on stocks such as Kestra Medical Technologies Ltd., GE Healthcare Technologies Inc, and Bausch + Lomb Corporation. ;'>

Merit Medical Systems has an analyst consensus of Strong Buy, with a price target consensus of $106.14, representing a 29.8% upside. In a report released today, TipRanks – OpenAI also downgraded the stock to Hold with a $90.00 price target.

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LB Pharmaceuticals, Inc. (LBRX)

In a report released today, Yasmeen Rahimi from Piper Sandler maintained a Buy rating on LB Pharmaceuticals, Inc., with a price target of $78.00. The company’s shares closed last Tuesday at $24.75, close to its 52-week high of $25.52.

According to TipRanks.com, Rahimi is a 5-star analyst with an average return of 28.7% and a 46.4% success rate. Rahimi covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Praxis Precision Medicines, and Crinetics Pharmaceuticals. ;'>

Currently, the analyst consensus on LB Pharmaceuticals, Inc. is a Strong Buy with an average price target of $48.00.

Cytokinetics (CYTK)

RBC Capital analyst Leonid Timashev maintained a Buy rating on Cytokinetics yesterday and set a price target of $101.00. The company’s shares closed last Tuesday at $70.10, close to its 52-week high of $75.71.

According to TipRanks.com, Timashev is a 5-star analyst with an average return of 20.7% and a 58.5% success rate. Timashev covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Perspective Therapeutics, and Jazz Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cytokinetics with a $92.79 average price target, representing a 35.6% upside. In a report issued on February 19, Barclays also maintained a Buy rating on the stock with a $87.00 price target.

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