Teleflex Inc

TFX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$844.00	Xrnh	Pzf

Teleflex Earnings: Better Than Expectations; Guidance Reiterated and Valuation Unchanged

Jay Lee

May 6, 2024

Teleflex reported first-quarter earnings that were stronger than our expectations, with solid performances in its interventional and OEM product lines. Management reiterated its previous 2024 guidance for key metrics, and we think the first quarter is solid progress toward these full-year figures. We maintain our fair value estimate of $225 per share and view the stock as fairly valued.

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