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

down 19.71 %

Resmed Inc. (RMD) rated Buy with price target $65 by Needham

Posted on: Thursday,  May 14, 2015  8:25 AM ET by Needham

Needham rated Buy Resmed Inc. (NYSE: RMD) on 05/14/2015. Previously Needham rated Buy Resmed Inc. (NYSE: RMD) on 01/23/2015., when
the stock price was $64.33. Since then, Resmed Inc. has lost 19.71% as of 01/22/2016's recent price of $51.65.
If you would have followed the previous Needham's recommendation on RMD, you would have lost 19.71% of your investment in 364 days.

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.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/14/2015 8:25 AM Buy
56.15 65.00
as of 8/27/2015
1 Week down  -4.22 %
1 Month down  -9.00 %
3 Months down  -8.51 %
1 YTD down  -8.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2015 8:25 AM Buy
7/16/2013 8:25 AM Hold

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