Morgan Stanley says Sonic Healthcare remains top Australia health sector pick

Sonic Healthcare

06/10/2023 04:11

** Analysts at Morgan Stanley say Australia's Sonic
Healthcare  SHL.AX  remains at the top of the brokerage's
preferred list for the country's domestic health services sector
    ** Says SHL offers the "most palatable" valuation relative
to other large-cap Australian healthcare stocks 
    ** Adds, SHL is performing comparatively better in terms of
earnings drivers as well as revenues 
    ** SHL's strong dividend yield and balance sheet gives it
the upper hand against its peers - MS
    ** Shares of SHL dropped as much as 0.8% to A$29.510 
    ** SHL down 1.5% this year, as of last close, vs a 1.6%
decrease in benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))