Resmed, Inc. (RMD) Tops Q2 EPS by 2c

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Needham & Company Upgrades ResMed (RMD) to Buy

January 23, 2015 6:25 AM EST

Needham & Company upgraded ResMed (NYSE: RMD) from Hold to Buy with a price target of $77.00 following solid Q3 results as the product cycle drove faster growth.

Analyst Mike Matson comments, "RMD's F2Q15 revenue and EPS beat consensus. RMD's new products drove faster... More