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ResMed price target lowered to $255 from $300 at Evercore ISI

Evercore ISI analyst Anthony Petrone lowered the firm’s price target on ResMed (RMD) to $255 from $300 and keeps an Outperform rating on the shares. The firm adjusted estimates and price targets for several names in its medical devices and diagnostics coverage ahead of Q1 earnings from the group.

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