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Brean Murray Carret Raises Price Target on Masimo (MASI) Following Q4 Results

February 15, 2012 10:41 AM EST
Get Alerts MASI Hot Sheet
Price: $179.95 --0%

Rating Summary:
    11 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Brean Murray Carret & Co. is reaffirming its Buy rating on shares of Masimo Corp. (NASDAQ: MASI) and is lifting its price target from $24 to $26.

The company reported solid expectations given expectation levels were set extremely low. The firm notes there was no downside surprises.

The firm highlights MASI's FY12 guidance was relatively inline with expectations, but commentary from management was really encouraging. Brean Murray Carret lowered its FY12 EPS estimate from $1.28 to $1.26.

For an analyst ratings summary and ratings history on Masimo Corp. click here. For more ratings news on Masimo Corp. click here.

Shares of Masimo Corp. closed at $21.59 yesterday.


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