Fisher & Paykel's ASX-listed shares rise; Morgan Stanley initiates coverage, hikes PT for NZ shares

Fisher & Paykel Healthcare

08/04/2025 06:39

** Australia-listed shares of Fisher & Paykel Healthcare FPH.AX rise as much as 1.8% to A$31.39

** Morgan Stanley initiates coverage on medical equipment maker, rated 'equal-weight' on stock, price target set at A$34

** Brokerage sees solid earnings growth with favourable long-term outlook, supported by increased clinical adoption

** Brokerage hikes its PT for co's shares in New Zealand FPH.NZ to NZ$36.70 from NZ$36.30, seeing less material U.S. tariff impacts on co

** Fisher & Paykel's NZ shares up 0.3% at NZ$33.55