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ResMed cut to neutral at BofA citing overreaction to rival’s product recall

Jun. 16, 2021 10:57 AM ETResMed Inc. (RMD) StockPHG, RMDBy: Dulan Lokuwithana, SA News Editor7 Comments

Man sleeping in bed wearing CPAP mask ,sleep apnea therapy
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  • ResMed (RMD -0.6%) has risen ~8.2% since Phillips (PHG -0.1%) announced a recall of millions of sleep apnea and ventilator machines on Monday citing health risks.
  • With San Diego, California-based medical device maker well outperforming the broader

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