F and P Healthcare shares rise to two-year high as First NZ raises rating on better outlook

Tue, 21 May 2013

By Tina Morrison May 21 (BusinessDesk) - Shares of Fisher & Paykel Healthcare, which has lifted its full-year guidance three times, rose to a two-year high after brokerage First NZ Capital raised its rating to "outperform" from "neutral", citing prospects for better growth and higher margins. F&P Healthcare shares rose as high as $3.05, the highest level since May 23, 2011, when it touched $3.10. It was recently at $3, having gained 26 percent in the past 12 months. That comes after First NZ Capital analyst Sarndra Urlich raised her 12-month...

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