Tactile Medical Announces Chief Financial Officer Transition

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Tactile Systems Technology (TCMD) PT Raised to $70 at Guggenheim Following 2Q

August 7, 2018 7:13 AM EDT

Guggenheim raised its price target on Tactile Systems Technology (NASDAQ: TCMD) to $70.00 (from $57.00) while maintaining a Buy rating following the company's 2Q earnings report. TCMD's 2Q18 sales of $34.1M came in $2.6M above consensus, driven by ongoing Flexitouch adoption. Gross margin of 71.8% was... More