0651 GMT - ResMed's bull at Citi stays positive on the breathing-tech provider following its third-quarter update. Analyst Mathieu Chevrier raises his EPS forecasts by 3.1% for fiscal 2026 and by 3.6% for fiscal 2027 on higher gross-margin expectations. He points out in a note to clients that the company has yet to see any impact from the increasing use of weight-loss drugs. Chevrier acknowledges that there is still a live debate over whether the net impact of the drugs will turn out to be negative, but notes growth in awareness of conditions such as sleep apnea could be positive. Citi raises its target price on ResMed's Australia-listed stock by 2.3% to A$45.00. Shares closed 0.6% higher at A$37.93. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 02:51 ET (06:51 GMT)
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