Forsyth Barr downgrades Ebos Group to neutral, but positive on future

Ebos Group chief executive officer John Cullity. (Image: NZME)

Mon, 10 Feb 2025

Forsyth Barr has downgraded its rating on Ebos Group from outperform to neutral but it is optimistic about the company’s medium to long-term outlook.Based on its increased market value, the analysts changed their rating on the dual New Zealand Exchange (NZX) and Australian Securities Exchange-listed (ASX) company. Ebos’ share price had been re-valued, driven by last month’s Pharmaceutical Wholesaler Agreement (PWA) between the industry and the Australian Government.JustifiedThe PWA had led to Ebos shares trading at a prem...

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