Masimo price target lowered to $200 from $215 at Piper Sandler

Piper Sandler lowered the firm’s price target on Masimo (MASI) to $200 from $215 and keeps an Overweight rating on the shares. The firm notes that the company announced Q1 revenue of $372M/+10.5% cc that came in ahead of Street’s $368M, while another quarter of operating margin outperformance drove a wide EPS beat. But investor questions are circling on a handful of issues – tender activity that affected revenue timing, a large tariff hit from the company’s manufacturing and sourcing exposures, and an unexpected cyber-attack that has disrupted some operations, Piper adds.