Why TransEnterix (TRXC) Stock Is Gaining Today

NEW YORK (TheStreet) -- TransEnterix (TRXC) shares had coverage initiated with a "buy" rating by analysts at Stifel Nicolaus on Friday. The stock is up 8.3% to $4.46 in trading today.

The firm set a $7 price target on the shares, suggesting a 64% increase from its opening price Friday of $4.26.

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