BofA Securities Downgrades ResMed (RMD) to Underperform on Valuation

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ResMed (RMD) PT Raised to $270 at Oppenheimer on Philips Recall

June 15, 2021 6:40 AM EDT

Oppenheimer analyst Suraj Kalia raised the price target on ResMed (NYSE: RMD) to $270.00 (from $240.00) while maintaining an Outperform rating after rival Philips announced a voluntary US recall.

The analyst commented, "Early yesterday (6/14), Philips announced a voluntary US recall (field safety notice RoW) of CPAP and... More

Philips Recall 'Likely Positive' for ResMed (RMD) - Needham & Company

June 14, 2021 11:42 AM EDT

Needham & Company analyst Michael Matson said news that Philips Respironics has issued a formal recall notification for certain sleep and respiratory care products is likely a positive for ResMed (NYSE: RMD).

The analyst commented, "Philips (PHG - Not Rated) Respironics has issued a... More