Wells Fargo Maintains Overweight on DexCom, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Larry Biegelsen maintains an Overweight rating on DexCom (NASDAQ:DXCM) but lowers the price target from $145 to $80.

July 26, 2024 | 12:44 pm
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NEGATIVE IMPACT
Wells Fargo analyst Larry Biegelsen maintains an Overweight rating on DexCom but significantly lowers the price target from $145 to $80.
The significant reduction in the price target from $145 to $80 by a major analyst like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in DexCom's stock price, despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100