Needham raised the firm’s price target on ResMed to $236 from $224 and keeps a Buy rating on the shares. The company’s Q3 earnings and revenue topped estimates, but its organic revenue growth slowed to 7% from 9% in Q2 as ResMed faced a more difficult comp, the analyst tells investors in a research note. The firm believes however that the company can sustain mid- to high-single digit revenue growth, with much stronger EPS growth as its margins improve.
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