Resmed Willing to Cut Underperforming Assets

Dow Jones
07/09

0106 GMT - ResMed's bulls at Jarden see the divestment of its MatrixCare business as a good example of the breath-tech supplier's willingness to recycle capital from business units that have not performed to expectations. With an unchanged overweight rating on ResMed's Australia-listed stock, the Jarden analysts write in a note that using proceeds from the US$490 million divestment to implement an accretive buyback shows good capital management. They trim their target price by 5.8% to 40.20 Australian dollars on earnings revisions and currency updates, but anticipate upside to EPS forecasts from a potential increase to the buyback. Shares are down 3.3% at A$30.17. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 08, 2026 21:06 ET (01:06 GMT)

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