New F&P Healthcare Bull Expects Growth, Reliable Delivery
Dow Jones
Yesterday
2330 GMT - Fisher & Paykel Healthcare gains a bull in Citi, which thinks it offers investors both growth and reliable delivery. Citi expects "sustainable double-digit earnings growth in the midterm and lower exposure to consumer dynamics" from the medical-device maker than other healthcare stocks across Australia and New Zealand. It upgrades the stock to "buy" from "neutral." It raises its price target to NZ$51.00/share from NZ$40.00/share previously. The stock is down 1.3%, at NZ$43.37.
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