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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 11:48 EDT
Piper Sandler analyst William Quirk reiterated an Overweight rating and $175 price target on Masimo (MASI) shares after the company announced preliminary 4Q19 revenue and 2020 guidance above Street expectations as well as the acquisition of Connected Care from NantHealth (NH). In a research note to investors, Quick says he is "pleased" with Masimo's 2020 guidance above the historical 8%-10% top line growth and believes Masimo will continue its "beat and raise" approach throughout the year
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