Barclays Maintains Equal-Weight on Insulet, Lowers Price Target to $213
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic has maintained an Equal-Weight rating on Insulet (NASDAQ:PODD) but has lowered the price target from $214 to $213.
February 26, 2024 | 12:06 pm
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on Insulet but lowered the price target from $214 to $213.
The adjustment in price target by Barclays, albeit minor, indicates a slight adjustment in the valuation model or expectations for Insulet. Given the small magnitude of the change, the impact on the stock price is likely to be minimal in the short term. The maintenance of an Equal-Weight rating suggests that Barclays views the stock as fairly valued at its current level, without strong indicators for underperformance or outperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100