UFP Technologies (UFPT) Initiated at Strong Sell by Off Wall Street

UFP Technologies (NASDAQ: UFPT) Initiated at Strong Sell with $40.00 price target by Off Wall Street

• "UFPT's largest business and primary growth driver (ISRG) is at risk of completely disappearing, There have been public indications and allegations that ISRG now plans to in-source the majority of its drapes business, and privately, ISRG's investor relations team has apparently confirmed this to several investors its recently acquired businesses appear to have limited growth prospects, its ex-ISRG legacy businesses are barely growing or are in outright decline, and its relatively high debt levels may constrain its capacity for additional M&A in the near-term."
  

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