BUZZ-Jefferies adjusts down Australia's Pro Medicus' near-term growth forecasts

Reuters
27 Mar
BUZZ-Jefferies adjusts down Australia's Pro Medicus' near-term growth forecasts

** Jefferies revises down health imaging firm Pro Medicus' PME.AX near-term growth forecasts, considering the stepped minimum nature of the Trinity contract

** Brokerage trims firm's cardiology contribution estimates, leading to implied market share increase to 14% in FY26, down 15% from previous estimates

** Despite these adjustments, brokerage maintains its A$250 price target and 'Hold' rating

** Stock down 9% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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