SRX - Morgans rates the stock as Hold
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Morgans believes intense competition, ongoing legal battles and no specifics around a viable forward strategy limits the upside for the stock.
The broker downgrades to Hold from Add. Target is steady at $16.53.
Sector: Pharmaceuticals & Biotechnology.
Target price is $16.53.Current Price is $15.77. Difference: $0.76 - (brackets indicate current price is over target). If SRX meets the Morgans target it will return approximately 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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