Canaccord Genuity Reiterates a 'Buy' on Insulet (PODD); Second Partner Creates Future Opportunity

February 16, 2012 10:06 AM EST
Get Alerts PODD Hot Sheet
Price: $148.16 +0.88%

Rating Summary:
    22 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Insulet Corporation (NASDAQ: PODD) price target of $27.00.

Analyst, William J. Plovanic, said, "We reiterate our rating following news that Insulet has entered into a non-exclusive partnership with LifeScan (Johnson & Johnson (NYSE: JNJ)) to incorporate its OneTouch blood glucose monitoring technology into future generations of the OmniPod personal diabetes manager. While there is no immediate impact to the business or financials, we view this partnership positively as it gives PODD additional development options when it commercializes its next gen PDM."

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 $20.02 yesterday.


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