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Enter Symbol:
 
Resmed Inc. (RMD) [hlAlert]

Rating:
Neutral RMD

Resmed Inc. (RMD) downgraded to Neutral by Credit Suisse

Posted on: Friday,  Oct 26, 2012  10:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Resmed Inc. (NYSE: RMD) on 10/26/2012. Previously Credit Suisse rated Outperform Resmed
Inc. (NYSE: RMD) on 10/13/2009., when the stock price was $24.19. Since then, Resmed Inc. has gained 64.85% of its value until Credit Suisse rated RMD Outperform on 10/26/2012, when the price was $39.87. .

ResMed Inc. is a holding company. Through its subsidiaries, the Company develops, manufactures and distributes medical equipment for treating, diagnosing and managing sleep-disordered breathing (SDB) and other respiratory disorders, including obstructive sleep apnea (OSA). It has developed nasal continuous positive airway pressure (CPAP) as a non-invasive treatment for OSA. CPAP systems deliver pressurized air, typically through a nasal mask, to prevent collapse of the upper airway during sleep. The Company has developed a number of products for SDB and other respiratory disorders, including airflow generators, diagnostic products, mask systems, headgear and other accessories. ResMed Inc. sells its products in over 70 countries through a combination of wholly owned subsidiaries and independent distributors to sleep clinics, home healthcare dealers and third-party payers. On April 30, 2009, it acquired Respicure Medsys PVT.LTD. In October 2009, ResMed Inc. acquired Laboratoires Narval.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2016 10:25 AM Buy
None
59.16
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -1.48 %
1 YTD up  56.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/26/2012 10:25 AM Hold
None
39.87
10/13/2009 8:25 AM Buy
None
24.19

(*) Stock Price at the time of the recommendation.
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