FPH – UBS rates the stock as Sell

UBS finds home high flow therapy (HFT) to be an exciting opportunity and a natural extension of Fisher and Paykel Healthcare Corp’s technology from hospital into the home. However, the broker also admits progress has been “painfully slow” when it comes to building clinical evidence and gaining insurance coverage.

Also, UBS finds it unlikely HFT will bridge the valuation gap to Fisher’s current share price created by the pandemic related hospital sales. For now, UBS continues to take a cautious approach and reaffirms its Sell rating with a target price of NZ$20.20.

Sector: Health Care Equipment & Services.

Current Price is $28.77. Target price not assessed.

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 →