Piper Sandler analyst Jason Bednar downgraded Masimo (MASI) to Neutral from Overweight with a price target of $180, down from $210, after the company entered into an agreement pursuant to which Danaher (DHR) will acquire Masimo for $180.00 per share in cash or $9.9B.
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Read More on MASI:
- Morning Movers: Masimo surges, Danaher slumps after $9.9B deal
- Masimo to be acquired by Danaher for $180.00 per share in cash
- Danaher to acquire Masimo for $180 per share in cash, or $9.9B
- Danaher nears $10B deal to buy Masimo, FT reports
- M&A News: Masimo Shares Rally 38% on Danaher’s $10B Deal Talks
