Soleil Securities Upgrades Insulet Corporation (NASDAQ: PODD)

Soleil Securities maintain a Buy rating on Insulet Corporation (NASDAQ: PODD) at a 12-month price target of $14. After meeting the institutional investors and the CFO of Insulet, Soleil Securities feels that the management of Insulet will work towards improving its gross margin and operating expenses. Analysts also feel that Insulet will report positive operating margin in 2011.

Moreover, Insulet also reported that its 50-person sales force generated over one referral per rep per business day in the third quarter of 2009, an increase of 50% over 1Q09.

Shares of Insulet Corporation are trading higher by 2.75% to $12.32 on 49K shares in the morning trading hours. The 52 week trading range for PODD is $2.57 - $12.47. So far this year, PODD is up over 58%.