UPDATE: J.P. Morgan Initiates Coverage on DexCom on Market Leader Position

In a report published Friday, J.P. Morgan analyst Kimberly Gailun initiated coverage on DexCom (NASDAQ: DXCM ) with an Overweight rating and $32.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of Dexcom with an Overweight rating and $32 December 2014 price target. Dexcom is the