Transenterix Inc (TRXC) PT Raised to $4.00 at Stifel Nicolaus

Transenterix Inc (NYSE:TRXC) had its target price hoisted by research analysts at Stifel Nicolaus from $3.75 to $4.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the medical instruments supplier’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 35.14% from the stock’s current price.

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About Transenterix

TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

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