After Masimo (MASI) announced the renewal and expansion of its Philips (PHG) partnership, Stifel analyst Rick Wise called it “clearly positive news,” telling investors that the firm’s initial read of today’s press release “argues positively” that this renewed partnership resolves lingering uncertainties for Masimo and “sets the stage encouragingly for the relationship going forward.” Stifel has a Buy rating on Masimo shares.
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