** Citi upgrades Australian hearing implants maker Cochlear Ltd COH.AX to "buy" from "neutral", hikes PT to A$300.00 from A$290.00
** COH, priciest stock in the ASX, trading 2.6% higher at A$270.08 per share
** Citi upgrades stock following a recent slump in share price; says forward PE of 36 times "offers a good entry point"
** COH fell as much as 14% to A$262.73 after issuing disappointing FY earnings outlook on February 14; still trading 11% below its pre-results level
** Brokerage says seeing "usual slowdown in sales ahead of next sound processor model launch"
** COH down 6.8% this year, including the day's move
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com;))