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Fly News Breaks for May 29, 2018
INSP
May 29, 2018 | 07:05 EDT
Stifel analyst Jonathan Block started Inspire Medical Systems with a Buy rating and $42 price target, stating that his diligence with ENTs and Sleep Specialists identifies a significant opportunity for the company's Upper Airway Stimulation procedure to gain market share from more invasive surgical procedures. Block also believes the company's clinical data is likely robust enough to eventually win over commercial payors and sets a high hurdle for future competitors, he tells investors.
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