CONMED falls after Piper Sandler downgrades to 'neutral'

ReutersMar 17, 2026 3:52 PM

Shares of medical technology company CONMED CNMD.N down 1.7% at $36.78

Piper Sandler downgrades CNMD to "neutral" from "overweight" citing lack of near-term catalysts

Says ongoing concerns around AirSeal performance and execution missteps have weighed on the stock for nearly two years

Cuts PT to $39, which still implies an upside of 4.3% to stock's last close

All six brokerages covering CNMD rate stock "hold"; median PT is $43 - LSEG data

Including session's moves, CNMD down ~9.6% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

What Is UPS? It’s Time to Buy UPS at Rock-Bottom Prices

TradingKey - On April 2nd, 2026, United Parcel Service (NYSE: UPS) is trading at a price of approximately $97.91/share, with a market cap of approximately $70.8 billion and a P/E ratio of approximately 12.9, which is not indicative of growth stock valuations, which makes UPS an attractive long-term

If the Strait of Hormuz Remains Closed: What Commodity Markets Will Experience?

TradingKey - As of April 3, Eastern Time, the Strait of Hormuz has effectively remained closed for five weeks. This situation continues to exert a sustained impact on global commodity markets.

What Is Oracle? A Software Giant Begins Layoffs of Tens of Thousands Amid Surge in AI Investment

TradingKey - Software giant Oracle (ORCL) is launching a new round of large-scale layoffs, potentially affecting tens of thousands of employees, as the company pivots aggressively toward AI infrastructure development.

Why Microsoft Is Investing $10 Billion in Japan?

TradingKey - On April 2, 2026, Microsoft President Brad Smith announced in Tokyo that the company will invest $10 billion (approximately 1.6 trillion yen) in Japan over the next four years (2026–2029). The investment will be used to expand artificial intelligence data centers and to collaborate with SoftBank and Sakura Internet in building Japan’s domestic AI computing infrastructure. This marks Microsoft's largest single-country overseas investment in the global AI race, signaling that data sovereignty is becoming a core competitive barrier for cloud service providers.

AGI Approaches: 2026 May Be Artificial Intelligence Turning Point, Musk Warns White-Collar Class Will Bear the Brunt

TradingKey — Have you noticed that the pace of artificial intelligence evolution is exceeding the limits of human intuitive perception? From the debut of ChatGPT to the rapid rise of multimodal AI systems, the development of AI technology has demonstrated a non-linear, exponential acceleration in ju

Tradingkey

KeyAI

