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Fly News Breaks for February 22, 2019
DXCM
Feb 22, 2019 | 08:22 EDT
Canaccord analyst Kyle Rose raised his price target on DexCom to $160 from $140 following its strong Q4 results. The analyst expects its exceptional growth to continue, supported by strong growth in sensor volumes, continued worldwide adoption of CGM, and the ongoing launch of G6, which is just now moving into additional territories and Medicare. Rose, who views the company as one of the best pure growth assets across the med-tech space, reiterated his Buy rating on DexCom shares.
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