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DXCM

Dexcom

$56.05

-0.23 (-0.41%)

, MDT

Medtronic

$85.81

-0.8734 (-1.01%)

15:25
01/22/18
01/22
15:25
01/22/18
15:25

Piper Jaffray medical technology analyst holds analyst/industry conference call

Medical Technology Analyst McKim, along with Dr. Ponder of Sugar Surfing, discuss Continuous Glucose Monitoring (CGM) systems, Libre vs. DXCM vs MDT, as well as the pump market landscape, MDT, PODD and TNDM on an Analyst/Industry conference call to be held on January 22 at 4:30 pm.

DXCM

Dexcom

$56.05

-0.23 (-0.41%)

MDT

Medtronic

$85.81

-0.8734 (-1.01%)

PODD

Insulet

$75.18

2.29 (3.14%)

TNDM

TNDM

ABT

Abbott

$59.39

0.075 (0.13%)

  • 22

    Jan

  • 24

    Jan

  • 26

    Feb

  • 27

    Feb

  • 01

    Mar

DXCM Dexcom
$56.05

-0.23 (-0.41%)

01/18/18
PIPR
01/18/18
NO CHANGE
Target $82
PIPR
Overweight
Insulet is a favored diabetes play on business momentum, says Piper Jaffray
Piper Jaffray analyst JP McKim says he hosted calls yesterday with two Certified Diabetes Educators from a "high volume center" and learned that they expect Continuous Glucose Monitoring - CGM - to become a "standard of care" in the Type 1 market, which can reach penetration of 85% vs 40% today. The analyst says the findings support his view that CGM is set for accelerating growth. Kim also notes that the impact on Medtronic (MDT) is improving, while the business momentum at Insulet (PODD) continues. The analyst rates Insulet as his top choice, followed by Dexcom (DXCM) and Tandem Diabetes Care (TNDM) in the space, given the headline risk around Libre coverage and insufficient evidence of accelerating pump additions for the latter names respectively. Kim keeps his Overweight rating and $82 price target on Insulet.
01/04/18
BARD
01/04/18
NO CHANGE
Target $58
BARD
Neutral
Risk to Dexcom estimates may be less than feared, says Baird
Baird analyst Jeff Johnson says his channel checks indicate Abbott's (ABT) Libre will be reimbursed by Centers for Medicare & Medicaid Services using the same codes as Dexcom's (DXCM) G5, meaning at the same monthly price of $250 per patient. The analyst has long believed superior technology, or G5 over Libre, will win out at price parity. As such, he believes today's news may not be create as much near-term risk to Dexcom numbers as investors believe. The analyst, however, keeps a Neutral rating on Dexcom shares, despite today's 11% selloff. He believes longer-term CMS and commercial payer questions remain.
01/05/18
LEER
01/05/18
NO CHANGE
Target $75
LEER
Outperform
Dexcom pricing risk less bad than feared, says Leerink
Leerink analyst Danielle Antalffy says her conversation with a specialist reinforced her view that Dexcom (DXCM) will continue to warrant at least some price premium to Abbott's (ABT) Libre given its alert and alarm capabilities and what is presumably better outcomes for patients. The analyst continues to recommend buying Dexcom on yesterday's, particularly for investors with at least a six month time horizon. She reiterates an Outperform rating on the shares with a $75 price target. Antalffy sees the company's pricing risk as less bad than feared following yesterday's news of Abbott securing Medicaid approval sooner than expected for its Freestyle Libre.
01/05/18
WBLR
01/05/18
NO CHANGE
WBLR
Outperform
William Blair sees Dexcom remaining 'product-of-choice' in glucose monitoring
William Blair analyst Margaret Kaczor believes Dexcom (DXCM) will remain the "product-of-choice" in glucose monitoring after Abbott (ABT) received Medicare approval for its Freestyle Libre Flash. While the approval comes six to nine months earlier than anticipated, Abbott's broader presence will likely expand patient awareness, Kaczor tells investors in a research note. She believes Dexcom is well positioned given its alerts and alarms in this "more vulnerable patient population." The analyst keeps an Outperform rating on the shares following yesterday's selloff.
MDT Medtronic
$85.81

-0.8734 (-1.01%)

01/04/18
01/04/18
DOWNGRADE

Underperform
Dexcom to Underperform at Northland
As previously reported, Northland analyst Suraj Kalia downgraded Dexcom (DXCM) to Underperform from Market Perform after Abbott (ABT) announced Medicare coverage for its Libre FGM. The analyst believes it undercuts Dexcom's competitive advantages, and contends that there is additional headline risk vis-a-vis Medtronic' (MDT) Guardian Connect CGM approval in the pipeline. Further, Kalia believes Dexcom's stock is bound to be under pressure over the next 12-18 months.
01/03/18
EVER
01/03/18
INITIATION
Target $92.5
EVER
Outperform
Medtronic initiated with an Outperform at Evercore ISI
Evercore ISI analyst Vijay Kumar started Medtronic with an Outperform rating and $92.50 price target. The analyst has confidence in the company's revenue growth accelerating in the second half of 2018. He finds the stock "compelling" at current share levels.
01/02/18
BOFA
01/02/18
UPGRADE
BOFA
Buy
Medtronic upgraded to Buy at BofA/Merrill
As previously reported, BofA/Merrill upgraded Medtronic to Buy from Neutral and increased its price target to $94 from $90. Analyst Bob Hopkins believes Medtronic is on the "verge" of delivering more consistent growth driven by its pipeline and manufacturing footprint reduction, which should drive multiple expansion.
PODD Insulet
$75.18

2.29 (3.14%)

01/08/18
LEER
01/08/18
NO CHANGE
LEER
Outperform
Meaningful upside likely for Insulet in 2019, says Leerink
Leerink analyst Danielle Antalffy notes that Insulet announced that CMS has granted coverage of its OmniPod. While the analyst says this coverage decision was well expected, she believes it positions the company for potential upside to his 2018 sales estimates and sees meaningful upside likely in 2019 and beyond. Antalffy reiterates an Outperform rating on the shares.
01/08/18
RAJA
01/08/18
UPGRADE
RAJA
Outperform
Insulet upgraded to Outperform from Market Perform at Raymond James
01/08/18
01/08/18
UPGRADE
Target $80

Outperform
Insulet upgraded to Outperform on upcoming tailwinds at Raymond James
As previously reported, Raymond James upgraded Insulet (PODD) to Outperform from Market Perform and established an $80 price target. Analyst Jayson Bedford has increased confidence in estimates from several tailwinds that include a share gain opportunity in US insulin pumps following Johnson & Johnson's (JNJ) exit from the market in September, incremental Medicare reimbursement for OmniPod, potential growth as it enters new countries, and the expected launch of its new Bluetooth-enabled OmniPod and PDM, its first new product in five years.
TNDM TNDM

10/05/17
COWN
10/05/17
NO CHANGE
COWN
J&J exit 'great opportunity' for Insulet and Tandem, says Cowen
Cowen analyst Doug Schenkel says close to 10% of the U.S. insulin pump market is up for grabs over the next two years after Johnson & Johnson's (JNJ) Animas announced it is exiting the pump business. Medtronic (MDT) is likely to get the majority of patients initially, but the news is a "great opportunity" for Insulet (PODD) and Tandem Diabetes Care (TNDM), Schenkel tells investors in a research note. The analyst sees risk for Dexcom (DXCM), but believes the vast majority of its users will remain, regardless of pump choice.
10/10/17
WEDB
10/10/17
NO CHANGE
Target $17
WEDB
Outperform
Tandem Diabetes price target lowered to $17 from $50 at Wedbush
Wedbush analyst Tao Levy lowered his price target for Tandem Diabetes to $17 from $50 to reflect the risk of further dilution as it seeks to improve its cash position. He reiterates an Outperform rating on the shares.
11/21/17
PIPR
11/21/17
NO CHANGE
PIPR
Piper says selection for Lilly 'diabetes ecosystem' a clear positive for Dexcom
Piper Jaffray analyst Matt O'Brien said it was news to him that Eli Lilly (LLY) is developing a diabetes pump and smart pen as part of its "diabetes ecosystem" plans. The company's selection of Dexcom's (DXCM) CGM as part of their integrated system is a clear positive for Dexcom, while Lilly's launch of an integrated system in the U.S. market is a modest negative for Insulet (PODD) and Tandem Diabetes (TNDM) given it will create a competitive headwind starting in 2021, added O'Brien.
ABT Abbott
$59.39

0.075 (0.13%)

01/22/18
BTIG
01/22/18
DOWNGRADE
BTIG
Neutral
Abbott downgraded to Neutral at BTIG on valuation
As noted earlier, BTIG analyst Sean Lavin downgraded Abbott to Neutral from Buy. Lavin says the stock price has run up about 50% over the past year, and "a lot of the positives are priced in". The analyst further contends that while there may be some potential benefit from the U.S. tax reform, he does not see another 15% of upside over the next 12 months as shares now trade at a valuation above the company's peers.
01/22/18
BTIG
01/22/18
DOWNGRADE
BTIG
Neutral
Abbott downgraded to Neutral from Buy at BTIG

TODAY'S FREE FLY STORIES

NTRA

Natera

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BKYI

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CRON

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CVS

CVS Health

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Allena Pharmaceuticals

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MAT

Mattel

$17.78

0.1 (0.57%)

08:06
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RCII

Rent-A-Center

$14.68

2.655 (22.08%)

08:06
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CTXR

Citius Pharmaceuticals

$2.67

-0.03 (-1.11%)

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IRIX

IRIDEX

$6.19

-0.91 (-12.82%)

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DJX

Dow Jones Industrial Average

$0.00

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, DIA

Diamonds Fund ETF

$249.72

-0.99 (-0.39%)

08:06
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Technical Analysis
Technical Take: Diamonds Fund ETF breaks uptrend support line in pre-market »

As trade war and other…

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Dow Jones Industrial Average

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DIA

Diamonds Fund ETF

$249.72

-0.99 (-0.39%)

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RSLS

ReShape Lifesciences

$3.07

-0.05 (-1.60%)

08:05
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MTNB

Matinas BioPharma

$0.55

-0.0816 (-12.92%)

08:05
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Matinas BioPharma raises $8M in a public offering »

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ISR

IsoRay

$0.45

0.0095 (2.16%)

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SSKN

Strata Skin Sciences

$2.11

0.09 (4.46%)

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RTN

Raytheon

$202.60

1.06 (0.53%)

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LASR

nLight

$38.51

-0.05 (-0.13%)

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HIBB

Hibbett Sports

$21.70

-0.1 (-0.46%)

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FBNK

First Connecticut

$26.05

0.15 (0.58%)

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PTC

PTC

$97.80

2.93 (3.09%)

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Ansys

$177.91

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Ansys

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ROK

Rockwell Automation

$175.40

-2.19 (-1.23%)

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NCR

NCR Corp.

$32.23

0.06 (0.19%)

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DEA

Easterly Government Properties

$20.17

0.14 (0.70%)

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CLBS

Caladrius

$4.05

-0.015 (-0.37%)

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CBPO

China Biologic

$99.29

17.39 (21.23%)

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XPO

XPO Logistics

$114.10

0.215 (0.19%)

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TREX

Trex Company

$64.61

1.675 (2.66%)

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