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Fly News Breaks for September 7, 2017
FIT, DXCM
Sep 7, 2017 | 14:02 EDT
Piper Jaffray analyst Matt O'Brien noted that Fitbit (FIT) and Dexcom (DXCM) have announced a collaboration that will initially allow Fitbit Iconic users to see their CGM data on their wrists, but he believes there is a "deeper potential" for the two to work together and potentially add a heart rate monitor to a future closed loop system. However, he notes he has not confirmed with either company that any such plans are in the works. O'Brien remains positive on Dexcom shares and keeps an Overweight rating on the name.
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