Masimo price target raised to $126 from $117 at Piper Sandler

Piper Sandler analyst Jason Bednar raised the firm’s price target on Masimo to $126 from $117 and keeps a Neutral rating on the shares. The firm notes the company announced Q1 revenue and adjusted EPS that finished above Street, and management bumped full-year guidance higher. But the Masimo story has moved, at least for now, beyond simple quarterly performance and is instead focused on several other issues, Piper adds.