Inseego price target raised to $15 from $13.50 at TD Cowen

TD Cowen raised the firm’s price target on Inseego to $15 from $13.50 and keeps a Hold rating on the shares. The firm said they posted a second consecutive quarter featuring blowout revenues but it was stronger-than-expected flow-through to gross margin that was most notable. Meanwhile recent balance sheet repair has greatly deleveraged the balance sheet while all but eliminating negative tail risk .