** Citi sees earnings growth for Australia-based Sonic Healthcare SHL.AX as healthcare services firm acquires LADR, a German pathology group, in a deal worth 423 mln euros ($446 mln)

** Raises PT to A$28 from A$27; retains "neutral"

** Says deal will increase SHL's market share in Germany from 20% to 25% of total revenue

** Maintains neutral stance citing uncertainties around integrating co's new acquisition and current valuations

** SHL trades flat, while benchmark S&P/ASX 200 index .AXJO sheds 0.3%

** Stock down 10% YTD

($1 = 0.9478 euros)

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com;))