IVC – Morgan Stanley rates the stock as Equal-weight

By Broker News | More Articles by Broker News

Morgan Stanley observes 2018 is turning out to be messy. Earnings are clouded by accounting issues, refurbishments, and M&A. The broker reduces forecasts following the October downgrade, given an accelerated decline in the number of deaths in June-August.

A soft finish to 2018 will mean easier comparables will be cycled in 2019. Morgan Stanley reduces the target to $12.00 from $12.60. Rating is Equal-weight. In-Line industry view.

Sector: Consumer Services.

Target price is $12.00.Current Price is $11.78. Difference: $0.22 – (brackets indicate current price is over target). If IVC meets the Morgan Stanley target it will return approximately 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →