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Fly News Breaks for March 16, 2017
MASI
Mar 16, 2017 | 05:30 EDT
Piper Jaffray analyst William Quirk downgraded Masimo to Neutral citing valuation with the shares up 146% since the company announced a new CEO compensation package at the beginning of 2016 incentivizing a sale of the company. The analyst believes takeout expectations are justified, but his valuation models suggest limited upside from here. He keeps an $80 price target for the shares.
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