Australia's Cochlear set for worst week ever on earnings forecast cut
24/04/2026 01:51
** Shares of Cochlear COH.AX on track for worst week ever, down 42.7% ** Stock's relative strength index remains below 30, a level widely seen as signalling oversold conditions ** COH stock crashed over 40% on Wednesday after co slashed its forecast for annual earnings ** Citi downgraded rating to "sell", reduced price target to A$95/shr on Thursday ** "This guidance downgrade is far worse than anticipated" - Jarden on Wednesday ** Stock down 62.8% YTD, including the day's moves (Reporting by Shivangi Lahiri in Bengaluru) ((shivangi.lahiri@thomsonreuters.com))
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