Inseego price target raised to $20 from $15 at TD Cowen

TD Cowen raised the firm’s price target on Inseego to $20 from $15 and keeps a Buy rating on the shares. The firm noted Inseego is selling its telematics business for $52M in gross proceeds and they are constructive on the all-cash transaction that not only increases Inseego’s financial flexibility, but also allows for increased focus on its core FWA and 5G mobile hotspot businesses.