** Shares of medtech company TransMedics Group TMDX.O rise 1.6% to $130.79
** Piper Sandler raises TMDX's PT to $145 from $125
** Piper believes TMDX is on track to beat sales estimates for Q2, which could continue stock's strong momentum seen in recent months
** While there was a slight decline in plane volumes in May compared to April, brokerage believes TMDX continues to see strong adoption of its aviation services
** TMDX still appears positioned to deliver sequential quarterly growth in its logistics business given May flight volumes were higher than each month in Q1 - Piper
** TMDX up 106.5% YTD, as of last close
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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