Cochlear Shakes Off Bear Following Share-Price Dive -- Market Talk

Dow Jones

02-17

2325 GMT - Cochlear shakes off its bear at UBS thanks to the 14% share-price dive that followed the hearing-implant maker's 1H result. Analyst Laura Sutcliffe raises her recommendation on the Australia-listed stock to neutral from sell, telling clients in a note that the result wasn't as bad as it looked. She isn't totally convinced by the company's expectation of 10% implant unit growth in the June half, calling it a big ask. However, she sees Cochlear's confidence in such a growth rate going forward as important. UBS lifts its target price 5.6% to A$285.00. Shares are up 2.6% at A$269.64. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 16, 2025 18:25 ET (23:25 GMT)

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