Resideo Technologies Inc (REZI) Receives a Buy from Merrill Lynch

By Carrie Williams

In a report released today, Peter Galbo from Merrill Lynch maintained a Buy rating on Resideo Technologies Inc (REZIResearch Report), with a price target of $24. The company’s shares opened today at $18.94, close to its 52-week low of $17.60.

Resideo Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $30, a 58.4% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $30 price target.

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The company has a one-year high of $32.55 and a one-year low of $17.60. Currently, Resideo Technologies Inc has an average volume of 1.38M.

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Resideo Technologies, Inc. provides household security solutions. It distributes security and low voltage products. The company is headquartered in Morris Plains, NJ.