TFX: TFX Shares Up 9% On Unconfirmed Takeover Media Reports

研报英文原文证据摘录

TFX: TFX Shares Up 9% On Unconfirmed Takeover Media Reports

RBC Capital Markets, LLC

Shagun Singh (Analyst)

(646) 618-6886, shagun.singh@rbccm.com

Kendall Au (AVP)

(212) 548-3164, kendall.au@rbccm.com

RBC Dominion Securities Inc.

Moe Mansour (Associate)

(416) 842-7635, moe.mansour@rbccm.com

April 22, 2026

Teleflex Incorporated

Sector PerformRESEARCH TFX Shares Up 9% On Unconfirmed Takeover Media NYSE: TFX; USD 124.75

Reports Price Target USD 135.00

Our view: TFX shares rallied ~9% intra-day on unconfirmed Reuters/ Scenario Analysis*

Bloomberg articles that buyout firms CVC and GTCR have collaborated

and submitted an offer for a takeover and subsequent privatization of Downside Current Price Upside Scenario Price Target Scenario

TFX. We believe a potential private transaction could be viewed positively

by investors as it could yield greater value in the near-term versus 105.00 124.75 135.00 145.00 15% 9% 17%EQUITY the company being a show-me story at least over the medium-term as

permanent leadership is established and as it executes on that strategy *Implied Total Returns Key Statistics against larger MedTech players. Post today's unconfirmed report, we Shares O/S (MM): 44.4 Market Cap (MM): 5,534

maintain our Sector Perform rating with a $135PT. Dividend: 1.36 Yield: 1.1%

Avg. Daily Volume: 791,750

Key points: RBC Estimates TFX rallied ~9% intra-day on unconfirmed Reuters/Bloomberg articles FY Dec 2024A 2025A 2026E 2027E

that buyout firms CVC and GTCR have collaborated and submitted an Revenue 1,699.5 1,983.7 2,292.2 2,417.6

offer for a takeover and subsequent privatization of TFX. The reports EPS, Ops Diluted 6.42 6.98 6.69 10.36

did not point to a timeline. In our view, a transaction of this nature P/E 19.4x 17.9x 18.6x 12.0x