Masimo price target raised to $171 from $160 at Wells Fargo

Wells Fargo raised the firm’s price target on Masimo (MASI) to $171 from $160 and keeps an Overweight rating on the shares following quarterly results. The firm says the focus shifts to 2025 with Masimo now expecting at least 26% OM for stand-alone HC, up 200 bps from previous expectations. Next strategic update expected in January, Wells adds.