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Why DexCom Stock Is Slipping Today

TheMotleyFool

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Shares of DexCom (NASDAQ: DXCM) were slipping 6.3% lower as of 11:29 a.m. EDT on Friday. The decline came after Wells Fargo analyst Larry Biegelsen downgraded the stock to underweight from equal weight and cut his price target to $350 from $420.

Analysts routinely downgrade stocks. Sometimes they're right, and sometimes they're wrong. The main thing for investors to understand is why an analyst formed a more negative opinion.

Image source: Getty Images.

Source Fool.com

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