CONMED Corporation (NASDAQ:CNMD) is considered an undervalued medical device stock to buy now, according to Needham’s downgrade to Hold from Buy on June 12. The firm cited slower growth rates and revenue impacting earnings, with debt levels limiting potential for share repurchases or acquisitions. CNMD offers surgical devices for various specialties such as general surgery and orthopedics. The company’s product line includes endo-mechanical instrumentation for minimally invasive procedures and orthopedic surgery implants and instruments. While CNMD is seen as a potential investment, other AI stocks may offer greater upside potential with less downside risk. For more insights, check out the related articles on stocks that should double in 3 years and hidden AI stocks to buy right now.

Read more at Yahoo Finance: Needham Downgrades CONMED Corporation (CNMD) to Hold from Buy