Why ResMed Stock Tumbled by 5% Today [Yahoo! Finance]
ResMed Inc. (RMD)
Last resmed inc. earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
investors.resmed.com/investor-relations/default.aspx
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Source: Yahoo! Finance
The shares lost more than 5% of their value on news of an analyst's downgrade and his new, bearish outlook. That performance didn't look good against that of the S&P 500 index, which fell a comparatively light 0.3%. A change in recommendation for the worse Well before market open that day, Wolfe Research's Mike Polark changed his recommendation on ResMed. He flagged it as an underperform (sell, in other words), one peg down from his previous estimation of peerperform (hold). Polark's current price target is $180 per share; this is more than 24% below the healthcare stock's most recent closing price. ResMed specializes in medical devices that target sleep and respiratory disorders. As such, the analyst is chiefly concerned that pharmaceutical industry giant Eli Lilly will take considerable share from the company in the proximate future. Polark wrote in his new ResMed note that the "disruption risks to RMD's business rise in 2025-2026 due to Lilly's likely launch of an obstructi
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RMD
News
- ResMed: Growing Returns With Continuous Acquisitions Led To A Margin Of Safety [Seeking Alpha]Seeking Alpha
- Why ResMed's Rally Is Just Getting Started [Seeking Alpha]Seeking Alpha
- ResMed Inc. (NYSE: RMD) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- ResMed Inc. (NYSE: RMD) had its "underperform" rating re-affirmed by analysts at Wolfe Research. They now have a $180.00 price target on the stock.MarketBeat
- We Think ResMed (NYSE:RMD) Might Have The DNA Of A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
RMD
Earnings
- 8/1/24 - Beat
RMD
Sec Filings
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- 9/10/24 - Form 4
- RMD's page on the SEC website