SHL – Deutsche Bank rates the stock as Hold

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Sonic Healthcare has sold its 85% stake in GLP Systems. Deutsche Bank retains its Hold rating while lifting the price target to $26.32 (was $24.70).

Deutsche Bank analysts find the sales price was below their expectations, speculating the weak performance by the business might be responsible.

Sector: Health Care Equipment & Services.

Target price is $26.32.Current Price is $27.16. Difference: ($0.84) – (brackets indicate current price is over target). If SHL meets the Deutsche Bank target it will return approximately -3% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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