Analyst Is Bullish On Masimo Despite Proxy Overhang Concerns - Here's Why
Portfolio Pulse from Vandana Singh
Wells Fargo initiated coverage on Masimo Corporation (MASI) with an Equal Weight rating and a price target of $173. The analyst is optimistic about the Healthcare business and sees potential upside from new Consumer Health products in 2024 and beyond. However, concerns about the proxy overhang and litigation risk from Apple Inc (AAPL) are keeping them on the sidelines. Politan Capital Management, which owns a 9% stake in Masimo, has signaled interest in joining the board, a move that could result in MASI separating the Sound United business.
July 10, 2023 | 7:15 pm
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NEUTRAL IMPACT
Wells Fargo initiated coverage on Masimo Corporation with an Equal Weight rating and a price target of $173. The analyst sees potential upside from new Consumer Health products in 2024 and beyond, but concerns about the proxy overhang and litigation risk from Apple Inc are keeping them on the sidelines.
The analyst's optimism about Masimo's Healthcare business and potential upside from new Consumer Health products could have a positive impact on the stock. However, concerns about the proxy overhang and litigation risk from Apple Inc could negatively impact the stock. The potential separation of the Sound United business could also have an impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple Inc is mentioned as a litigation risk for Masimo Corporation. This could potentially have a negative impact on Apple's stock.
The mention of Apple Inc as a litigation risk for Masimo Corporation could potentially have a negative impact on Apple's stock. However, the details of the litigation are not provided, so the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50