Citi raised the firm’s price target on Tandem Diabetes (TNDM) to $15 from $11 and keeps a Neutral rating on the shares. The firm is cautious on medical technology entering the Q3 earnings season. Citi believes the outcome of the Section 232 investigation into medical equipment and devices will take time.
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Read More on TNDM:
- Tandem Diabetes announces t:slim X2 insulin pump cleared for use in U.S.
- Leerink says removal of C-peptide requirement would benefit pump market, Tandem
- Tandem Diabetes announces publication of 2IQP study in Diabetes Care
- Tandem Diabetes Care: Strategic Initiatives and Market Challenges Justify Hold Rating
- Tandem Diabetes assumed with an Outperform at Oppenheimer
