NAN - Morgans rates the stock as Add
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The broker has remodeled its assumptions for Nanosonics with regard management equipment service agreements and also added in contributions form new products. US feedback suggests Trophon is well regarded but its penetration into the wider hospital system is under question.
Management reaffirmed expectations at the AGM that growth will come from core businesses and new products. The broker has eased nearer terms forecasts and lifted longer term. Add retained, target rises to $3.40 from $2.91.
Sector: Health Care Equipment & Services.
Target price is $3.40.Current Price is $2.91. Difference: $0.49 - (brackets indicate current price is over target). If NAN meets the Morgans target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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