NZ's Fisher & Paykel Healthcare falls; Jefferies downgrades to 'hold'

Fisher & Paykel Healthcare

23/05/2025 04:41

Updates

** New Zealand's Fisher & Paykel Healthcare FPH.NZ falls 1.7% to NZ$36.13, loses 0.8% for the week

** Stock set for weakest week since April 5

** Jefferies downgrades to "hold" from "buy", keeps PT unchanged at NZ$39.40

** Says it's interested in knowing impact of U.S. tariffs to date, when co reports FY25 results on May 28; will closely watch co's mitigation strategies

** Notes, "We understand the primary impact on FPH imports is currently a 10% tariff on New Zealand products"

** Stock rated "hold" on avg; median PT is NZ$35.81, per data compiled by LSEG

** YTD, FPH falls ~6%

 (Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))