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Masimo (MASI) was downgraded to a Hold Rating at Wells Fargo

Tipranks - Tipranks - Thu Feb 19, 6:44AM CST

Wells Fargo analyst Vik Chopra downgraded Masimo to a Hold today and set a price target of $180.00.

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Chopra covers the Healthcare sector, focusing on stocks such as Masimo, Alphatec Holdings, and Conmed. According to TipRanks, Chopra has an average return of 2.6% and a 42.70% success rate on recommended stocks.

In addition to Wells Fargo, Masimo also received a Hold from BTIG’s Marie Thibault in a report issued today. However, on February 3, BTIG maintained a Buy rating on Masimo (NASDAQ: MASI).

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Based on Masimo’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $371.5 million and a GAAP net loss of $100.4 million. In comparison, last year the company earned a revenue of $504.6 million and had a net profit of $9.8 million

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