Canaccord Genuity Reiterates a 'Buy' on Insulet Corporation (PODD); Solid Q1; Gen2 Pod Still Awaiting FDA Clearance
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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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Canaccord Genuity reiterates a 'Buy' on Insulet Corporation (NASDAQ: PODD) price target of $27.00.
Analyst, William J. Plovanic, said, "We reiterate our rating on Insulet after a solid financial performance in Q1/12. However, we note the delay in FDA clearance for the next generation OmniPod, the Eros, will likely overshadow financial results. We note that we are modeling for the Gen2 Pod to gain FDA clearance in late 2012, and therefore do not have an acceleration in growth or improvement in margins baked into our 2012 projections."
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 $17.31 yesterday.
Analyst, William J. Plovanic, said, "We reiterate our rating on Insulet after a solid financial performance in Q1/12. However, we note the delay in FDA clearance for the next generation OmniPod, the Eros, will likely overshadow financial results. We note that we are modeling for the Gen2 Pod to gain FDA clearance in late 2012, and therefore do not have an acceleration in growth or improvement in margins baked into our 2012 projections."
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 $17.31 yesterday.
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