0243 GMT - Breathing-tech provider ResMed doesn't get enough credit from the market for its operational cost control, UBS analyst Laura Sutcliffe reckons. Dual-listed ResMed is scheduled to report its December-quarter financials at the end of January and Sutcliffe thinks its core operating profit will come in about 2% ahead of the average analyst forecast. This is even though her revenue forecast is in line with average expectations. As for U.S. device sales, she tells clients in a note that app downloads suggest that its market share remains steady above 80%. UBS raises its target price on ResMed's U.S.-listed securities by 2% to US$255.00. The stock closed 0.2% lower at US$247.33. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 21:43 ET (02:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.