Jefferies ups NZ's Fisher & Paykel's PT on H1 profit beat

Fisher & Paykel Healthcare

26/11/2025 18:40

** Jefferies raises Fisher & Paykel Healthcare’s FPH.NZ price target to NZ$46 from NZ$44.40, citing strong 1H performance and efficiency gains

** New Zealand’s largest standalone listed stock on Wednesday lifted its FY net profit outlook to NZ$410 - NZ$460 mln ($230.34 - $258.43 mln), from a prior range of NZ$390 - NZ$440 mln

** FPH also posted H1 net profit after tax of NZ$213 mln, beating FactSet’s NZ$201 mln estimate, as per Jefferies

** Jefferies expects continued margin growth and product innovation to offset FX volatility and slower 2H hardware sales

** Stock down 0.5% YTD as of last close

($1 = 1.7800 New Zealand dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))