Cochlear Bull Thinks Selloff Was Emotion-Driven -- Market Talk

Dow Jones
02/16

2335 GMT - Cochlear's bull at Canaccord Genuity sees nothing in its operations to justify the size of the selloff that followed the hearing-tech provider's 1H profit miss. Analyst Shane Storey keeps a buy rating on the Australia-listed stock, telling clients in a note that a 19% share-price fall seems extreme on a 5% net profit miss. Shareholder emotion and frustration are the only reasons he can give to explain the drop. Storey observes that the selloff took the company's earnings multiple to a 10-year low and sees this as a buying opportunity that echoes one sparked in 2011 by a product recall. Canaccord Genuity cuts its target price 11% to A$295.00. Shares are up 2.7% at A$204.68. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 15, 2026 18:35 ET (23:35 GMT)

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