Stifel raises PT on Dexcom on positive physician sentiment for its devices
** Brokerage Stifel raises PT on glucose monitor maker Dexcom DXCM.O to $100 from $90
** Shares of Dexcom were up 1.2% at $73.16
** Says while work is needed to optimize the sales force/repair distributor relationships, physician sentiment on DXCM remains positive
** Co's shares fell to a four-year low in July after it slashed its annual revenue forecast due to the fallout from a salesforce revamp
** Based on a US physician survey, brokerage says it has found no evidence of co losing market share for basal patients; says "survey's findings are affirmation of still-expanding DXCM share expectations despite what we saw in Q2"
** Brokerage says physicians anticipate new prescriptions from type 1 diabetes patients to continue shifting towards DXCM in their practices through 2027
** Adds, DXCM "may be better positioned than appreciated" on concerns of losing market share to Abbott's ABT.N glucose monitor device
** Including session moves, stock down 41.8% YTD
Reporting by Sneha S K
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