Needham analyst Mike Matson keeps a Buy rating and $207 price target on Masimo but contends that with Politan Capital Management nominees winning board seats, the company may elect to separate its Sound United business. A sale or spin-off of Sound United would be a catalyst that would drive Masimo’s multiple and share price higher despite some modest earnings dilution and also allow the company continue to pursue its consumer healthcare strategy without Sound United, the analyst tells investors in a research note.
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Read More on MASI:
- Masimo initiated with an Equal Weight at Wells Fargo
- Masimo shareholders to elect two Politan Capital board nominees, Reuters says
- Masimo holders poised to elect Politan nominees to board, Reuters says
- Glass Lewis recommends Masimo shareholders vote for Politan nominees
- Politan says ISS recommends Masimo shareholders vote for firm’s nominees