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Fly News Breaks for May 1, 2018
INGN
May 1, 2018 | 08:39 EDT
Needham analyst Mike Matson raised his price target on Inogen to $215 and kept his Strong Buy rating after the company's Q1 earnings beat. Matson notes the revenue upside came from direct-to-consumer sales force expansion and B2B growth as Inogen ramps up for accelerated expansion in 2018. The analyst also sees a "healthy dose" of conservatism in the company's guidance.
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