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BUZZ-Australia's Ramsay Health Care rises; Macquarie upgrades to 'outperform'

Reuters
2025/03/17
BUZZ-Australia's Ramsay Health Care rises; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> upgrades to 'outperform'

** Shares of hospital operator Ramsay Heath Care RHC.AX rise 1.7% to A$33.96

** Macquarie raises stock's rating to "outperform" from "neutral"

** Brokerage says rival Healthscope's debt woes may provide Ramsay Health Care with rare oppurtunity to expand its domestic footprint

** Analysts also upbeat on potential sale of its stake in Europe-based Ramsay Sante, sees uplift in valuation by ~6% according to current share price

** Stock down 1.9% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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