BTIG Starts Tactile Systems Technology (TCMD) at Buy

August 22, 2016 7:45 AM EDT
Get Alerts TCMD Hot Sheet
Price: $18.83 -0.84%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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BTIG initiated coverage on Tactile Systems Technology (NASDAQ: TCMD) with a Buy rating and a price target of $18. Analyst Sean Lavin said the company's growth speaks for itself.

"While the pneumatic compression device (PCD) and lymphedema markets are not well known, we believe Tactile has built a high-growth and profitable platform through a stellar sales and marketing channel and strong reimbursement relationships. We expect TCMD to use its newly acquired funds to increase sales and marketing and spur further sales growth. We recommend shares and initiate coverage with a Buy rating," said Lavin.

For an analyst ratings summary and ratings history on Tactile Systems Technology click here. For more ratings news on Tactile Systems Technology click here.

Shares of Tactile Systems Technology closed at $13.23 yesterday.

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