ResMed Shares Fall After Morgan Stanley Downgrade

MT Newswires Live

06/18

ResMed (RMD) shares were down about 4% in Wednesday trading after Morgan Stanley downgraded the stock to equal weight from overweight and cut its price target to $230 from $286.

Trading volume stood at more than 1.0 million shares, compared with a daily average of about 1.3 million.

Price: 186.15, Change: -7.79, Percent Change: -4.02

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