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Fly News Breaks for May 5, 2016
MASI
May 5, 2016 | 09:03 EDT
Roth Capital analyst Chris Lewis raised his price target for Masimo to $50 from $40 after the company reported "strong" Q1 revenue and EPS results that beat expectations. The analyst adds that the company's 2016 guidance raise was greater than the Q1 beat, indicating that the underlying sales momentum and "increasingly pronounced" earnings power should continue. Lewis reiterates a Buy rating on the shares.
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