Transferring Coverage of ResMed (corrected)
We are correcting our per-share earnings and dividend estimates for ResMed's Australian CDI. The previous figures were inflated by a factor of 10. Our fair value estimates are unchanged.We raise our fair value estimate for ResMed to USD 101 from USD 100, owing to the time value of money, following transfer of analyst coverage. We increase our fair value estimate for the Australian CDI to AUD 14.20 from AUD 13.50, principally due to a weaker Australian dollar, with the exchange rate currently ar...
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