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Fly News Breaks for August 7, 2019
INGN
Aug 7, 2019 | 14:18 EDT
As previously reported, Needham analyst Mike Matson downgraded Inogen to Hold from Buy after the company missed consensus revenue, EBITDA, and EPS estimates in Q2 and cut its 2019 guidance, stating that things "went from bad to worse" during the quarter. He previously saw the company's issues as temporary, but now worries that growth could remain depressed as the company faces challenges across most of its sales channels, Matson stated.
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