TD Cowen lowered the firm’s price target on DexCom (DXCM) to $75 from $84 and keeps a Buy rating on the shares. The firm said the Q1 quarterly report checked a lot of boxes, but a roughly 1% US growth miss fueled the bear narrative around a US CGM market slowdown, pushing shares lower after hours.
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Read More on DXCM:
- DexCom price target lowered to $75 from $90 at Mizuho
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- Buy Rating Reaffirmed on Dexcom as Margin Strength and Global Patient Growth Offset U.S. CGM Concerns; Price Target Reset to $75