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Fly News Breaks for December 10, 2019
Dec 10, 2019 | 13:52 EDT
SVB Leerink analyst Daniel Grosslight finds Livongo Health's 2.8M share offering a "bit of a surprise" since the initial public offering lockup does not expire until January 20. However, the company's current valuation "presents a compelling buying opportunity," Grosslight told investors last night in a research note. The analyst remains convinced that Livongo has built one of the "most robust" digital chronic care platforms and has a "long growth runway" ahead. He recommends accumulating the shares at these levels and keeps an Outperform rating on the name with a $50 price target.
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