ResMed Buy price raised

In ResMed set to awaken on 14 Oct 14 (Buy – $5.47), we picked out three factors behind ResMed's weak 2014 performance, which are all set for improvement – the destabilisation of the US market due to Medicare competitive bidding, better competitor products and a higher Australian dollar. The first-quarter result gave us further comfort on the first two of those (see ResMed Q1 2015 result from 24 Oct 14 (Buy – $5.68) and the Aussie dollar has now fallen almost 10% from US$0.94 at the end of June. On top of all this, there's been some hype about the...

In ResMed set to awaken on 14 Oct 14 (Buy – $5.47), we picked out three factors behind ResMed's weak 2014 performance, which are all set for improvement – the destabilisation of the US market due to Medicare competitive bidding, better competitor products and a higher Australian dollar. The first-quarter result gave us further comfort on the first two of those (see ResMed Q1 2015 result from 24 Oct 14 (Buy – $5.68) and the Aussie dollar has now fallen almost 10% from US$0.94 at the end of June. On top of all this, there's been some hype about the company's new consumer product, the S sleep monitoring device, which this week went on sale in the Apple Store.

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