RHC - UBS rates the stock as Neutral
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UBS transfers coverage to another analyst and remodels the earnings drivers. Forecasts are reduced by -4-7% over the longer term.
The broker believes a combination of lower volume growth, adverse shift in mix and pricing pressures in Australian hospitals will negate the incremental benefits from procurement and brownfield additions.
Neutral rating maintained. Target is reduced to $54 from $64.
Sector: Health Care Equipment & Services.
Target price is $54.00.Current Price is $54.29. Difference: ($0.29) - (brackets indicate current price is over target). If RHC meets the UBS target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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