ANN - Credit Suisse rates the stock as Neutral
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Credit Suisse has reviewed activity trends over the March quarter for a number of items that are relevant to the company.
While recent purchasing manager index data in developed regions is indicative of expectations for improved growth, industrial production data is yet to show any material uplift.
Combined with updated currency adjustments, these factors support the broker's Neutral rating. Target is $22.70.
Sector: Health Care Equipment & Services.
Target price is $22.70.Current Price is $23.22. Difference: ($0.52) - (brackets indicate current price is over target). If ANN meets the Credit Suisse target it will return approximately -2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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