Aegis starts LabStyle Innovations at Buy

|By:, SA News Editor

Aegis has reportedly initiated coverage on LabStyle Innovations (DRIO +15.7%) with a Buy rating.

Price target is $6, representing upside of 224% from Tuesday's close.

SA Pro's Jason Napodano, who penned a piece on the company back in November, has this to say: "I like DRIO, but this tells me a raise is coming soon."