Stifel analyst Rick Wise upgraded Masimo to Buy from Hold with a price target of $170, up from $148. Multiple favorable developments strategically, commercially, and legally, including the recently announced Consumer separation, now have meaningfully changed Masimo’s long-term outlook for the better, the analyst tells investors in a research note. The analyst thinks the stock has room for further share price appreciation given the company’s imp(roved growth outlook and margin expansion.
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