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Fly News Breaks for August 4, 2016
MASI
Aug 4, 2016 | 14:21 EDT
Roth Capital analyst Chris Lewis raised his price target for Masimo to $60 from $50 after the company reported another "meaningful" Q2 beat. The analyst points out that Masimo raised its 2016 guidance, which not only reflects the Q2 beat but also implies a "stronger" than anticipated second half of 2016. Lewis reiterates a Buy rating on the shares as he believes Masimo remains well-positioned to outperform.
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