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Fly News Breaks for August 6, 2019
PODD
Aug 6, 2019 | 06:28 EDT
JPMorgan analyst Robbie Marcus upgraded Insulet to Overweight from Neutral and raised his price target for the shares to $155 from $120. Following the company's "very strong" Q2 results, the analyst expects Dash to support 20%-plus U.S. OmniPod growth through 2020, with Horizon sustaining 20%-plus growth in 2021. Dash and pharmacy access are fundamentally changing Insulet's adoption curve, Marcus tells investors in a research note. He believes the bull case on the stock is playing out.
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