Rothschild & Co Redburn Downgrades Insulet Corporation (PODD), Cites “Eroding” Product Moats and Distribution
Insulet Corporation (NASDAQ:PODD) has been downgraded to Neutral from Buy by Rothschild & Co Redburn, with a price target reduction from $380 to $220, due to concerns about "eroding" product moats and distribution. Truist also cut its price target to $315 from $360 but reaffirmed a Buy rating, anticipating Q1 performances to meet or exceed investor expectations. Insulet manufactures insulin infusion systems and related diabetes products.
https://www.insidermonkey.com/blog/rothschild-co-redburn-downgrades-insulet-corporation-podd-cites-eroding-product-moats-and-distribution-1751254/