2221 GMT - Recent asset sales means Healius is close to becoming a pure-play Australian pathology company. The outlook for this sector looks challenging for at least the short- to medium-term, Jefferies says. That reflects price pressure, lower-than-historic volumes, and rising expensess. "Further, in our view, Healius continues to be subject to potential losses of hospital contracts throughout Australia," analyst David Stanton says. Jefferies cuts its price target on Healius by 55% to A$0.75/share. It retains a hold call on the stock. Healius ended Monday at A$0.785. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 30, 2025 18:22 ET (22:22 GMT)
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