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

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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

Sep 2016B. RileyInitiates Coverage onNeutral
Aug 2016JefferiesMaintainsBuy
Apr 2016William BlairUpgradesMarket PerformOutperform

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


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