RMD - UBS rates the stock as Buy
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The company's strong growth across all segments beat UBS estimates in the second quarter. The broker upgrades FY18 and FY19 forecasts by 11% and 3% respectively, primarily because of stronger assumed mask sales.
The broker is also pleased the company was able to coordinate top-line growth with operating leverage.
Buy retained. Target is raised to US$96 from US$90.
Sector: Health Care Equipment & Services.
Current Price is $12.49. Target price not assessed.
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