** Analysts at Citi raise PT for Sigma Healthcare to A$2.50 from A$1.40; maintain "Neutral" rating
** Wholesale pharmaceuticals distributor SIG received on Thursday Australian competition watchdog's approval for an A$8.8 bln ($5.87 bln) merger with private firm Chemist Warehouse
** Brokerage says the upgraded PT reflects Chemist Warehouse's potential in the combined Sigma Chemist Warehouse Group
** Brokerage expects the combined group to generate EBIT of ~A$800 mln in FY26, its first full year
** "The combined group should continue to perform well in the prevailing high cost of living environment" - Citi
** "The network continues to grow in Australia and there are prospects for further international expansion" - Citi
** Stock has more than doubled in value this year, as of last close
($1 = 1.4997 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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