Jefferies Maintains a 'Buy' on Insulet Corp (PODD)Waiting for the Next Gen Pod
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Price: $148.16 +0.88%
Rating Summary:
22 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
22 Buy, 17 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies maintains a 'Buy' on Insulet Corporation (NASDAQ: PODD) price target raised from $21 to $24.
Jefferies analyst says, "Insulet closed out 2011 with 4Q sales of $47.2mn, largely in-line with expectations. The company remains in active communication with the FDA on the next gen pod, with approval expected by the end of 1Q/early 2Q. The launch of the next gen pod is anticipated at ADA in June and will have a positive impact on both revenue growth and profitability."
Jefferies lowers FY12 EPS loss from (0.42) to (0.90) and FY13 from $0.34 to (0.05).
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 $19.88 yesterday.
Jefferies analyst says, "Insulet closed out 2011 with 4Q sales of $47.2mn, largely in-line with expectations. The company remains in active communication with the FDA on the next gen pod, with approval expected by the end of 1Q/early 2Q. The launch of the next gen pod is anticipated at ADA in June and will have a positive impact on both revenue growth and profitability."
Jefferies lowers FY12 EPS loss from (0.42) to (0.90) and FY13 from $0.34 to (0.05).
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 $19.88 yesterday.
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