Masimo (MASI) Slammed on New "Sell" Rating

January 3, 2013 11:36 AM EST
The downside in Masimo Corporation (NASDAQ: MASI), noted earlier, is related to a fresh Sell rating as well-respected independent research firm OffWallStreet.

The firm slapped the negative rating and a $12 price target on the stock, noting that the company's core Pulse Oximetry business has slowed due to market sateration and operating margins are falling.

Shares of MASI last traded at $20.07, down 5.9 percent.

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