BTIG Downgrades Masimo to Neutral Following $180 Acquisition by Danaher
BTIG analyst Marie Thibault downgraded Masimo (MASI) to Neutral from Buy following the announcement that Danaher (DHR) entered a definitive agreement to acquire the company for $180/share in cash. BTIG expects the transaction to close and is not expecting competing bids to emerge with a materially higher offer, the analyst tells investors in a research note.
