Australia's Sonic Healthcare slips to near 2-month low as Citi downgrades FY27 estimates

Sonic Healthcare

21/08/2026 03:31

Shares of Australia's Sonic Healthcare SHL.AX fall as much as 4.6% to A$20.4, hitting their lowest level since June 26
** Citi says Sonic Healthcare's FY27 EBITDA forecast is around 4% below consensus at midpoint
** "FY27 growth guidance disappoints," says Citi
** Citi notes management highlighted several FY27 headwinds, including fee cuts in Switzerland and a multi-year digital transformation programme
** Brokerage says investors are likely to remain cautious in the near term due to ongoing cost pressures
** Citi cuts its FY27 forecasts, although its price target increases slightly due to lower long-term capital expenditure assumptions
** Citi remains "neutral", saying it believes the near-term negatives are already reflected in the share price
** Stock down nearly 8% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))