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iRhythm price target raised to $190 from $165 at BTIG

BTIG raised the firm’s price target on iRhythm (IRTC) to $190 from $165 and keeps a Buy rating on the shares after its Q2 results and revenue guidance raise. The company’s Q2 sales strength was driven most meaningfully by demand in the core business, with increased Zio AT market penetration and revenue from new innovative channel partners contributing equally to the rest of the beat, the analyst tells investors in a research note.

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