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Fly News Breaks for May 8, 2019
INGN
May 8, 2019 | 08:06 EDT
Needham analyst Mike Matson lowered his price target on Inogen to $111 after its Q1 earnings miss and a cut to its FY19 guidance that was driven by an order decline from a single large B2B customer and lower direct-to-consumer sales productivity on slower than expected ramp of new reps. The analyst contends however that these issues were temporary and keeps his Strong Buy rating, adding that the management's guidance reset was intentionally conservative.
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