Jefferies cuts DocMorris on limited upside, shares fall

DocMorris AG

26/08/2026 07:51

** DocMorris DOCM.S shares seen down nearly 4% in Julius Baer pre-market indications after Jefferies cut the Swiss online pharmacy to "hold" from "buy"
** Jefferies sees the improved growth and margin outlook as now largely reflected in the current valuation after a "strong" year-to-date share performance
** Stock has risen in value by roughly two thirds since January
** "Momentum remains encouraging, particularly in the German prescription medicine business, however we see limited upside until management provides further evidence of sustainable progress towards its profitability and free cash flow target," the broker writes
** Jefferies lifts PT by 15.8% to CHF 11
($1 = 0.8035 Swiss francs)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))