Citi upgrades PT for Australia's Sigma Healthcare on FY profit jump

Sigma Healthcare

21/03/2024 18:16

** Analysts at Citi upgrade price target on Australia's
Sigma Healthcare  SIG.AX  to A$1.30/share from A$1.15/share
    ** Increases FY25-FY26 EBIT forecasts by 4-5% on higher FY
revenue and margins
    ** Brokerage maintains "neutral" rating on the
pharmaceutical distributor
    ** SIG posted FY net profit of A$4.50 mln ($2.98 mln), up
149% YTD
    ** Stock up 22.4% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))