Insulet (NASDAQ:PODD) Price Target Lowered to $340.00 at JPMorgan Chase & Co.

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JPMorgan Chase & Co. lowered its price target for Insulet (NASDAQ:PODD) from $415.00 to $340.00, while maintaining an “overweight” rating. Despite a strong earnings beat with $1.55 EPS and 31% year-over-year revenue growth, the stock fell about 5.6% due to cautious near-term guidance. The consensus analyst rating remains a “Moderate Buy” with an average target of $359.10.

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