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Fly News Breaks for December 17, 2019
Dec 17, 2019 | 05:38 EDT
Piper Jaffray analyst William Quirk raised his price target for Masimo to $175 from $161 and reiterates an Overweight rating on the shares. The analyst remains confident that the company is set up to surpass its 8%-10% sales growth guidance for the near-term based on new products as well as the ongoing Philips relationship. He believes Masimo's "beat and raise" approach will continue into 2020.
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