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Fly News Breaks for November 6, 2019
INGN
Nov 6, 2019 | 08:09 EDT
Needham analyst Mike Matson upgraded Inogen to Buy from Hold with a $90 price target. The analyst notes the company's Q3 earnings and revenue beat while its direct-to-consumer sales stabilized with only a 1.4% decline. Matson adds that Inogen's revenue growth comps get progressively easier as the company moves through 2020, and he sees its revenue growth and margins as having bottomed.
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