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UPDATE: Canaccord Genuity Reiterates Buy Rating, Lowers PT on Insulet Corporation Ahead of 4Q12 Results

Related PODD
Earnings Scheduled For August 12, 2015
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In a report published Friday, Canaccord Genuity reiterated its Buy rating on Insulet Corporation (NASDAQ: PODD), but slightly lowered its price target from $29.00 to $28.00.

Canaccord Genuity noted, “We are fine-tuning our model heading into the Q4/12 results to account for the expected impact of competitive bidding on Insulet's Neighborhood Diabetes (NDI) supplies business. Specifically, given management's commentary about the expected impact on its Medicare business, we have conservatively removed all revenues that could be impacted by competitive bidding from our estimates.”

Insulet Corporation closed on Thursday at $21.18.

Latest Ratings for PODD

Aug 2015BenchmarkDowngradesBuyHold
Aug 2015Piper JaffrayMaintainsOverweight
Jul 2015JP MorganMaintainsNeutral

View More Analyst Ratings for PODD
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Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings


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