UPDATE: Brean Murray Carret Raises Target to $26 on Masimo Corporation
Brean Murray Carret raises its price target on Buy-rated Masimo Corporation (NASDAQ: MASI) a highly encouraging guidance update following an inline Q4.
Brean Murray Carret says, "Guidance for 2012 was solid, in our view, and management's detailed commentary should 1) increase confidence that headwinds on which the Street has overly focused are manageable within the context of a number of positive offsets that were laid out quite clearly, and 2) that the 2012 outlook reflects a "conservative scenario" and momentum could actually build heading into 2013, not to deteriorate as bears have asserted."
MASI closed at $21.59 a share on Tuesday.
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