Sigma Looks Overpriced as Merger Completion Looms -- Market Talk

Dow Jones

Dec 12, 2024

0125 GMT - Sigma Healthcare gets a new bear at Jefferies as its merger with privately owned Chemist Warehouse moves slowly toward the finish line. Analyst David Stanton tells clients in a note that, following the latest update from Australia's competition regulator, he now expects the merger to complete by the end of February. He had previously been eyeing the end of this month. Jefferies raises its fiscal 2025 forecasts for Chemist Warehouse sales and margins, supporting a 16% rise in its target price for Sigma shares to A$1.85. However, the stock's recent advance leads the investment bank to cut its recommendation to underperform from hold. Shares are down 1.95% at A$2.765. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 11, 2024 20:25 ET (01:25 GMT)

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Analyst David Stanton tells clients in a note that, following the latest update from Australia's competition regulator, he now expects the merger to complete by the end of February. He had previously been eyeing the end of this month. Jefferies raises its fiscal 2025 forecasts for Chemist Warehouse sales and margins, supporting a 16% rise in its target price for Sigma shares to A$1.85. However, the stock's recent advance leads the investment bank to cut its recommendation to underperform from hold. Shares are down 1.95% at A$2.765. 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Analyst David Stanton tells clients in a note that, following the latest update from Australia's competition regulator, he now expects the merger to complete by the end of February. He had previously been eyeing the end of this month. Jefferies raises its fiscal 2025 forecasts for Chemist Warehouse sales and margins, supporting a 16% rise in its target price for Sigma shares to A$1.85. However, the stock's recent advance leads the investment bank to cut its recommendation to underperform from hold. Shares are down 1.95% at A$2.765. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 11, 2024 20:25 ET (01:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SIG.AU","symbol_name":"SIGMA HEALTHCARE LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490845471","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490845471","pubTimestamp":1733966700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0125 GMT - Sigma Healthcare gets a new bear at Jefferies as its merger with privately owned Chemist Warehouse moves slowly toward the finish line. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SIG.AU":"SIGMA HEALTHCARE LTD","BK7103":"保健护理产品经销商"},"translate_title":"随着合并完成的临近，Sigma的价格看起来过高——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIG.AU":0.9},"content_text":"0125 GMT - Sigma Healthcare gets a new bear at Jefferies as its merger with privately owned Chemist Warehouse moves slowly toward the finish line. Analyst David Stanton tells clients in a note that, following the latest update from Australia's competition regulator, he now expects the merger to complete by the end of February. He had previously been eyeing the end of this month. Jefferies raises its fiscal 2025 forecasts for Chemist Warehouse sales and margins, supporting a 16% rise in its target price for Sigma shares to A$1.85. However, the stock's recent advance leads the investment bank to cut its recommendation to underperform from hold. Shares are down 1.95% at A$2.765. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 20:25 ET (01:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}