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UPDATE: Northland Downgrades ResMed

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Earnings Scheduled For January 21, 2016

In a note released Tuesday morning, Northland Securities downgraded ResMed (NYSE: RMD) from Market perform to Underperform and maintained its $40 price target.

In the note, Northland analyst cited "numerous forces" in the CPAP space that will squeeze margins and the top-line overtime. Furthermore, the analysts noted that ResMed's model is "highly sensitive" to operating margins and believe that consensus estimates are "unrealistic."

Shares of ResMed are down a little over one percent at $49.44 in Tuesday's trading.

Latest Ratings for RMD

DateFirmActionFromTo
Jan 2016Credit SuisseUpgradesNeutralOutperform
Jan 2016BarclaysDowngradesEqual-weightUnderweight
Dec 2015NeedhamDowngradesBuyHold

View More Analyst Ratings for RMD
View the Latest Analyst Ratings

Posted-In: Northland SecuritiesDowngrades Price Target Analyst Ratings

 

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