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Fly News Breaks for August 4, 2016
PODD
Aug 4, 2016 | 08:14 EDT
Leerink analyst Danielle Antalffy raised her price target for Insulet to $50 from $40, citing another "strong" quarter of outperformance. The analyst believes the company is now "well positioned" to sustain, if not accelerate, recent momentum across all businesses. Further, given its gross margin, Insulet is on an "even clearer" path to profitability now likely in mid-2017 versus prior late 2017 projection, Antalffy tells investors in a research note. The analyst reiterates an Outperform rating on the shares.
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