Asante Solutions (NASDAQ:PUMP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
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Several other equities research analysts have also recently commented on PUMP. Credit Suisse Group boosted their price target on shares of Asante Solutions from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Cowen initiated coverage on Asante Solutions in a research note on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 price target on the stock. Stephens initiated coverage on Asante Solutions in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price target on the stock. Barclays reissued a “hold” rating and issued a $18.00 price target on shares of Asante Solutions in a research note on Friday, November 10th. Finally, SunTrust Banks initiated coverage on Asante Solutions in a research note on Wednesday, December 20th. They issued a “buy” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.80.
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Asante Solutions Company Profile
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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