HSO - Credit Suisse rates the stock as Neutral
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Credit Suisse observes the recent slowing in Australia private hospital volume growth has raised concerns regarding the cause and whether this is cyclical or a more entrenched structural change.
The broker is yet to reach a definitive conclusion but understands the implications of changes to volumes could be significant. In aggregate Credit Suisse calculates volume growth of 3.5% per annum to FY30.
The broker incorporates revised volume growth assumptions into forecasts. Neutral retained. Target falls to $2.40 from $2.50.
Sector: Health Care Equipment & Services.
Target price is $2.40.Current Price is $2.27. Difference: $0.13 - (brackets indicate current price is over target). If HSO meets the Credit Suisse target it will return approximately 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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