BUZZ-Resmed's Australia shares fall; Macquarie hikes PT

Reuters

02-03

BUZZ-Resmed's Australia shares fall; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes PT

** Healthcare technology co Resmed's Australia-listed shares RMD.AX fall 2.7% to A$39.105, on track for worst session since Oct. 29, 2024 - if current losses hold

** Stock tracks a sell-off in broader market .AXJO, which is down 1.7% .AX

** Meanwhile, Macquarie hikes PT to A$45.10 from A$41.10, signalling a 9.7% upside potential

** PT hike reflects 1% increase in earnings forecasts for FY25 and 26, driven by foreign exchange and buyback assumptions adjustments, among others

** Nine of 11 analysts rate the stock "buy" or higher, and two "hold"; their median PT is A$43.80 – LSEG data

** Stock rose 44.5% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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