Australia's Ramsay Health Care gains; Macquarie cuts PT on outlook downgrade
06/02/2025 02:44
** Ramsay Health Care RHC.AX rises 0.7% to A$33.89,
tracking the overall positive sentiment in Australian markets on
the day; broad index .AXJO up 1.1%
** Macquarie, however, cuts PT to A$35.90 from A$42.75;
retains "neutral"
** Updates RHC's interest expense to reflect current bond
yields, affecting valuations; reduces FY25 revenue growth
forecasts for Australian hospitals
** Stock rated "hold" on avg; median PT is A$42.00 – LSEG
** RHC gained 11.4% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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