Jefferies upgrades PT on Australia's Sonic Healthcare after acquiring Swiss co

Sonic Healthcare

20/03/2024 18:01

** Analysts at Jefferies upgrade price target on Australia's
Sonic Healthcare  SHL.AX  to A$29.35/shr from A$28.90/shr
    ** SHL acquires Switzerland's Dr. Risch Group for CHF117 mln
($131.25 mln)
    ** Brokerage sees FY25 EBITDA margins at 27.3% for SHL's
Switzerland's division
    ** "SHL continues to generate cash - this raises the
possibility of further corporate activity over the medium term,
which may be seen positively" - Jefferies
    ** Five of 16 analysts rate the stock "buy" or higher, seven
"hold" and four "sell" or lower; their median PT is A$30.87 –
LSEG data
    ** SHL stock down 14.9% YTD, as of last close


($1 = 0.8914 Swiss francs)

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