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Fly News Breaks for November 6, 2019
DXCM
Nov 6, 2019 | 21:17 EDT
Piper Jaffray analyst JP Kim raised his price target on DexCom to $200 and kept his Outperform rating after its Q3 earnings beat and FY19 guidance raise. The analyst notes that the quarter exceeded expectations in "nearly every metric" with "exceptional" U.S. performance and "very strong" international business. Kim adds that the guidance is likely "conservative" as DexCom has a lot of momentum on the commercial side, with Medicare coming next year along with its continued international growth trend.
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