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The positive coverage and growth forecast may boost investor confidence, similar to past analyst upgrades.
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Penumbra's stock showed a slight recovery after a correction. Analyst Steven Lichtman initiated Outperform rating with a $275 price target. Mid-teens sales and over 30% earnings growth forecasted for Penumbra. Mechanical thrombectomy market is expected to grow significantly in the U.S. International thrombectomy presents additional growth opportunities for Penumbra.
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