Macquarie lifts F&P Healthcare price target by 7.3%

Tue, 23 May 2017

By Rebecca Howard May 23 (BusinessDesk) - Macquarie Group lifted its 12-month target price on Fisher & Paykel Healthcare by 7.3 percent and kept its 'outperform' rating after the company's full-year revenue growth beat expectations and as a weaker New Zealand dollar weighs in the exporter's favour. The Australian investment house has a 12-month target price of $11, up from $10.25. The stock recently unchanged at $10.10. F&P Healthcare yesterday posted an 18 percent gain in full-year profit, meeting guidance with record annual sales,...

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