CSL Shares Rally Strongly Despite Earnings Dip
As many analysts had forecast, constraints on plasma collection (especially in the US) led to a small dip in December half-year earnings for blood products colossus CSL.
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Over a century ago in Melbourne, Australia, we made a promise to save lives and protect the health of people who were stricken with a range of serious and chronic medical conditions. Today, as a leading global biotech company, that same promise has never been stronger. We develop and deliver innovative biotherapies and influenza vaccines that save lives, and help people with life-threatening medical conditions live full lives. We are driven by our deep passion to serve hundreds of thousands of patients and other stakeholders around the world.
As many analysts had forecast, constraints on plasma collection (especially in the US) led to a small dip in December half-year earnings for blood products colossus CSL.
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CSL announced late Tuesday that it has struck a deal to buy Swiss-based Vifor Pharma Ltd for $A16.4 billion, its biggest deal since listing in 1994.
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After weeks of speculation that CSL was looking to bid for Swiss pharma firm Vifor, the companies have today confirmed they are in talks.
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With peak reporting season upon us, here are snippets from the results announced yesterday by a couple of big-name multinational companies: CSL Limited and Amcor.
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COVID has been good news for two of Australia’s health giants - Sonic Healthcare and CSL which both revealed very strong double-digit profits on Thursday for the six months to December.
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The broker retains an Outperform rating and lowers the target to $312.00 from $327.25.
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The Overweight rating and $310 target are retained.
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The $302 target price and Overweight rating are maintained.
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Add rating retained. Target price eases to $327.60 from $334.70.
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Equal-weight and $280 target retained.
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