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Fly News Breaks for November 7, 2019
DXCM
Nov 7, 2019 | 07:44 EDT
JPMorgan analyst Robbie Marcus raised his price target for DexCom to $215 from $190 saying the company "posted another outstanding quarter." While management raised sales guidance by a little less than twice the Q3 beat, the implied Q4 guide is "readily achievable/beatable," Marcus tells investors in a post-earnings research note. He sees "clear momentum" setting up a "bullish" 2020 for DexCom and reiterates an Overweight rating on the shares.
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