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Tandem Diabetes resumed with a Hold at Stifel

Stifel resumed coverage of Tandem Diabetes (TNDM) with a Hold rating and $15 price target The firm is concerned about the company’s sequential ramp in Q3 and Q4, with its Q4 revenue estimate slightly below management’s implied guidance. Stifel’s channel checks show the competitive landscape in the durable pump market is increasing.

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