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FPH - Fisher & Paykel Healthcare News Story

NZD33.8 -0.1  -0.3%

Last Trade - 6:00am

Sector
Healthcare
Size
Large Cap
Market Cap £10.03bn
Enterprise Value £10.01bn
Revenue £825.8m
Position in Universe 31st / 1911

BUZZ-Jefferies initiates Fisher & Paykel Healthcare Aussie shares with "positive"

Fri 25th May, 2018 1:36am
** Jefferies initiates coverage on Australian shares of
medical device firm Fisher & Paykel Healthcare (FPH)  FPH.AX 
with "positive" recommendation, price target of A$13.02
    ** Aussie shares of FPH up as much as 0.8 pct to A$12.14
    ** FPH’s "compelling" industry positioning and clinically
significant "Optiflow" product, which enables respiratory
support, is hard to ignore - Jefferies
    ** Jefferies says competitors have some market presence, but
Optiflow’s "superior" design and clinical data provides it with
powerful competitive advantage
    ** FPH posted a record H1 operating revenue for its Hospital
product group in November, citing increasing adoption of
Optiflow nasal high flow therapy
    ** "Products in the Hospital group now make up 57% of the
company’s operating revenue," FPH said in its H1 results
announcement 
    ** Jefferies adds that there is risk to upside to FPH's
guidance of NZ$185 mln-NZ$190 mln for FY18 NPAT, from a better
than expected flu season and customer re-stocking
    ** FPH, primarily listed in New Zealand  FPH.NZ , is due to
release its full-year results on May 28

 ((chris.thomas.thomsonreuters.com@reuters.net))
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