RMD – UBS rates the stock as Neutral

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The company will acquire Propeller Health, a US provider of monitoring devices for those with COPD and asthma. The purchase price is US$225m, to be funded by debt.

UBS believes the transaction make strategic sense as it extends the company’s connected health solutions.

The broker maintains a Neutral rating and raises the target to US$111 from US$107.

Sector: Health Care Equipment & Services.

Current Price is $15.17. Target price not assessed.


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