Oppenheimer analyst Steven Lichtman raised his price target for Tandem Diabetes (TNDM) to $97 from $84 following quarterly results. The analyst highlights a "solid" initial guide, demonstrating the Control IQ tailwind is underway, new country opportunities and a building renewal cycle. A UnitedHealth (UNH) coverage reversal would be upside and the announced t:slim mobile app capabilities are a new differentiator that should build throughout the year, he contends. The analyst has an Outperform rating on Tandem's shares.
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