Insulet price target raised to $350 from $340 at BTIG

BTIG raised the firm’s price target on Insulet to $350 from $340 and keeps a Buy rating on the shares as part of a broader research note titled "Q1 MedTech Quarterly Preview". While dynamics are improving, "nobody is in the clear yet", with more inflation still being present, interest rates remaining elevated, and recessionary risk looming over the global economy, the analyst tells investors in a research note. The firm adds however that procedures and staffing appear to be improving, capital equipment demand remains healthy, and FX has become less of a headwind for most names under coverage, setting up improvement for margins in the second half of the year.