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TCMD

Tactile Systems

$48.55

-2.28 (-4.49%)

16:08
08/06/18
08/06
16:08
08/06/18
16:08

Tactile Systems appoints Brent Moen CFO

Tactile Systems Technology announced the appointment of Brent Moen to the position of CFO, effective September 2. Tactile Medical's current CFO, Lynn Blake, will resign from that role effective as of the close of business on September 1. Blake's resignation is for personal reasons and not due to any disagreement with the company on any matter, including related to the company's operations, policies, practices, financial reporting or controls. Blake will continue to advise the company in a consulting role until March 2019 in order to facilitate a smooth transition.

  • 08

    Aug

TCMD Tactile Systems
$48.55

-2.28 (-4.49%)

06/25/18
ADAM
06/25/18
NO CHANGE
Target $60
ADAM
Buy
Tactile Systems price target raised to $60 from $56 at Canaccord
Canaccord analyst Jason Mills met with Tactile Systems management and said he remains bullish on the firm's business strategy, leverage in the model, and the long-term growth potential behind multiple drivers including growing awareness/diagnosis of lymphedema, continued VA expansion, and its "virtually untapped" opportunity in H&N lymphedema. Mills reiterated his Buy rating and raised his price target to $60 from $56 on Tactile Systems shares.
06/22/18
PIPR
06/22/18
NO CHANGE
Target $53
PIPR
Overweight
Tactile Systems study data an incremental positive, says Piper Jaffray
Tactile Systems announced a new clinical publication demonstrating the health benefits of Flexitouch for chronic venous insufficiency-related lymphedema, a condition that may actually be the leading cause of lower extremity lymphedema in the U.S. today, Piper Jaffray analyst JP McKim. Tactile Systems the only player in the space that is consistently doing clinical work and this study is an incremental positive, the analyst adds. He believes the cost reduction data will help Tactile in its conversations with payers in order to maintain pricing/reimbursement for its products. McKim remains positive on the shares with an Overweight rating and $53 price target.
06/05/18
PIPR
06/05/18
NO CHANGE
PIPR
Overweight
Piper says more to Tactile Systems IP deal than 'meets the eye'
After speaking with Tactile Systems management, Piper Jaffray analyst JP McKim said there is "a lot more" to its intellectual property purchase agreement with Wright Therapy "than meets the eye in reading the press release" about the deal. First, the deal confirms Essity is exiting the U.S. market for advanced pneumatic compression devices, which is "a nice positive" for Tactile Systems. Additionally, the deal gives Tactile access to about 100 prescribing VA physicians they had not had before, said McKim. The analyst, who adds that the company acquired an interesting patent portfolio with key ones pertaining to connectivity of devices and sensing, keeps an Overweight rating on Tactile Systems.
06/04/18
NORL
06/04/18
DOWNGRADE
NORL
Underperform
Tactile Systems downgraded to Underperform from Market Perform at Northland
Northland analyst Suraj Kalia downgraded Tactile Systems to Underperform citing valuation and maintained a $38 price target.

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