Stifel Upgrades Masimo to Buy, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Rick Wise upgraded Masimo (NASDAQ:MASI) from Hold to Buy and increased the price target from $148 to $170, indicating a positive outlook on the company's stock.

April 15, 2024 | 10:31 am
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POSITIVE IMPACT
Stifel's upgrade of Masimo to Buy and the raise in price target to $170 suggests a strong bullish sentiment on the stock, likely influencing a positive short-term price movement.
Analyst upgrades and revised price targets are significant indicators for investors, often leading to immediate positive reactions in the stock market. Stifel's upgrade from Hold to Buy reflects a strong confidence in Masimo's future performance, and the increase in price target from $148 to $170 further underscores this optimism. Given the influence of analyst ratings on investor sentiment and stock prices, this upgrade is likely to result in a short-term increase in MASI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100