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Fly News Breaks for January 17, 2017
DXCM
Jan 17, 2017 | 07:37 EDT
Oppenheimer analyst Steven Lichtman raised his price target for Dexcom to $98 from $84 on increased medium/long-term Medicare estimates. The analyst believes the Centers for Medicare and Medicaid Services' decision to approve coverage of the company's G5 CGM opens up a new market for Dexcom, and says he continues to view 2017 sales guidance as conservative. Further, Lichtman continues to see several offsets to competition, and notes that "big new launches" remain on track for 2018. He reiterates an Outperform rating on the shares.
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