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Fly News Breaks for June 12, 2019
IRTC
Jun 12, 2019 | 06:18 EDT
JPMorgan analyst Robbie Marcus reiterates iRhythm as his top small-cap pick following "bullish" meetings with management. The analyst keeps an Overweight rating on the shares with a $110 price target. Fundamentals at iRhythm are "exceedingly strong," while its market penetration is low and product differentiation is high, Marcus tells investors in a research note. Marcus also believes a "number of new market opportunities" can more than double the company's current addressable market.
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