BUZZ-Australia's Cochlear set for weekly drop; UBS hikes PT on FX adjustments

Reuters
02-07
BUZZ-Australia's Cochlear set for weekly drop; UBS hikes PT on FX adjustments

** Shares of Cochlear COH.AX fall as much as 1.3% to A$309.090

** Shares of the healthcare technology co set for their weakest week since December 9, 2024, if losses hold

** The priciest stock in ASX is tracking losses seen by the country's healthcare sub-index .AXHJ, which is down 0.7%

** UBS hikes stock's price target to A$270 from A$265, retains "sell" rating

** Brokerage made changes to their foreign exchange estimates, underlying assumptions are unchanged

** Three of 15 analysts rate the stock "buy" or higher, 10 "hold" and two "sell"; their median PT is A$305.00 – LSEG data

** Stock fell 8.8% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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