Tandem Diabetes rises on Wells Fargo upgrade
Tandem Diabetes Care (TNDM) stock rose following an upgrade from Wells Fargo. Analyst Larry Biegelsen increased the rating to Equal Weight from Underweight and raised the price target to $32 from $25, citing an improved outlook for the company's insulin pump business. The upgrade is attributed to positive changes in the competitive landscape, particularly with Insulet (PODD) and DexCom (DXCM).
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