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Fly News Breaks for January 11, 2019
IRTC
Jan 11, 2019 | 07:20 EDT
Canaccord analyst Jason Mills raised his price target on iRhythm to $90 from $84 and said it represents one of his top picks for 2019. The analyst believes the company will maintain strong growth and its large competitive moat. He expects improving gross margins, thinks the scaling of its U.S. salesforce should translate to revenue upside, and projects increased market share gains. Mills reiterated his Buy rating on iRhythm shares.
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