BUZZ-Citi upgrades Australian hearing aid maker Cochlear to 'buy' after recent slump

Reuters

11小时前

BUZZ-Citi upgrades Australian hearing aid maker Cochlear to 'buy' after recent slump

** 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;))

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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  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"COH.AU":"COCHLEAR LTD"},"translate_title":"BUZZ-花旗在近期暴跌后将澳大利亚助听器制造商科利耳评级上调至“买入”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COH.AU":0.9},"content_text":"BUZZ-Citi upgrades Australian hearing aid maker Cochlear to 'buy' after recent slump** 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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}