Tactile Systems meetings suggest 'strong' momentum, says William Blair

William Blair analyst Margaret Kaczor says meetings with Tactile Systems management did not change her outlook calling for "several years of strong" 20%-plus sales growth and operating margin expansion. Management provided some positive incremental details around Flexitouch Plus demand within Veteran's Affairs, payer rate changes, and salesforce outlook, Kaczor tells investors in a research note. The analyst believes Tactile Systems' underlying momentum "remains strong" and sees a number of operational and new product initiatives that should prove guidance achievable, if not beatable. She keeps an Outperform rating on the shares.


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