iRhythm price target raised to $255 from $254 at Needham

Needham raised the firm’s price target on iRhythm (IRTC) to $255 from $254 and keeps a Buy rating on the shares after its Q1 earnings beat. The company continues to see strong demand across the core business with building contribution from new channel initiatives helping drive solid margin improvement throughout the P&L, the analyst tells investors in a research note.