J.P. Morgan Updates Estimates on Insulet Corp. (PODD)
J.P. Morgan is updating their estimates on Insulet Corp. (NASDAQ: PODD).
In a note to clients, J.P. Morgan writes, "We are updating our Insulet model to introduce 2011 quarterly estimates. Our full year estimates are unchanged for 2010 and 2011. On a quarterly basis, we forecast a loss per share of $0.23, $0.18, $0.14, and $0.09, respectively, in 2011. Our full year forecast is ($0.64)."
J.P. Morgan maintains an Overweight rating and $17 price target on PODD.
PODD is trading at $14.07.
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