Buy Insulent Corp. (PODD) on Weakness - Canaccord Genuity

August 9, 2012 9:15 AM EDT
Get Alerts PODD Hot Sheet
Price: $42.11 -2.18%

Rating Summary:
    16 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Today Canaccord Genuity reiterated their Buy rating on Insulet Corporation (NASDAQ: PODD) but cut the price target to $24.50 (from $27.00).

"Strength in the core OmniPod business was very encouraging, but offset by weaker-than-expected results from NDI," said William J. Plovanic.

"Given the continued back-and-forth with the FDA, we are now modeling for Gen2 to gain FDA clearance by YE/12, pushing out an acceleration in growth and margin improvement into the Q2/13," he added.

For an analyst ratings summary and ratings history on Insulet Corporation click here. For more ratings news on Insulet Corporation click here.

Shares of Insulet Corporation closed at $18.72 yesterday.

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