Australia's Ramsay Health Care falls as Jefferies flags labour cost risks
BUZZ-Australia's Ramsay Health Care falls as Jefferies flags labour cost risks Updates
** Shares of Ramsay Health Care RHC.AX fall as much as 3.2% to A$36.8, their lowest point since May 11
** Stock logs its largest intraday pct loss since May 5
** Jefferies sees labour cost pressures from Australia operations in CY26, along with a negative EBIT impact of A$37 million ($26.53 million) on contract for Joondalup, Western Australia
** Brokerage, however, expects activity growth and higher acuity for the hospital chain operator in the second half of FY26
** Forecasts remain unchanged, with Jefferies estimating ~25% of company's historical Australian annual revenue expansion to come from treatment prices
** Keeps price target and rating unchanged at A$40.50 and "hold"
** Stock up 5.7% YTD, including the day's moves
($1 = 1.3949 Australian dollars)
(Reporting by Nikita Maria Jino and Anjali Singh in Bengaluru)
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