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Masimo price target lowered to $185 from $204 at Raymond James

Raymond James lowered the firm’s price target on Masimo (MASI) to $185 from $204 and keeps an Outperform rating on the shares. Improving fundamentals will likely get overshadowed by a bigger-than-expected tariff hit, but the potential stock weakness is temporary, the analyst tells investors in a research note. Raymond James believes Masimo has noted a worst-case scenario around tariffs, and believes the ultimate impact in 2026 will be far less than it is modeling.

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