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Fly News Breaks for August 5, 2016
INGN
Aug 5, 2016 | 09:30 EDT
Needham analyst Mike Matson raised his price target for Inogen to $64 from $58 after the company reported better than expected second quarter revenue, EBITDA, and EPS, and raised its 2016 guidance. The analyst reiterates a Strong Buy on the shares, saying "the positives outweigh the negatives." Matson views any weakness in Inogen's shares as a buying opportunity ahead of a "major" G4-driven product cycle.
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