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Barchart
Wajeeh Khan

This Analyst Just Upgraded ResMed Stock. Here's Why.

ResMed RMD RBC United States

ResMed (RMD) shares are pushing higher on Tuesday after a senior RBC Capital Markets analyst upgraded the medical equipment specialist to an “Outperform” rating. In his research note, Craig Wong-Pan cited RMD’s robust Q4 performance as he lifted his price target as well to $262, indicating potential upside of nearly 10% from here.

Note that ResMed stock has already been in a massive uptrend in recent months, currently trading about 28% above its June low.

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