UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on DexCom

In a report published Friday, Jefferies & Company reiterated its Buy rating on DexCom (NASDAQ: DXCM), but lowered its price target from $18.00 to $16.50.

Jefferies noted, “DexCom released final 3Q revenues of $23.1mn after pre-announcing in early October with the G4 Platinum Sensor approval. The final 3Q numbers reflect a handful of one-time charges and adjustments; full year guidance was reiterated. The G4 and the subsequent pump combinations set the table for a good run.”

DexCom closed on Thursday at $13.07.

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