Ebos Shakes Bear Following Post-Results Selloff -- Market Talk
Dow Jones
Sep 19
0100 GMT - Pharmaceutical supplier Ebos shakes its bear at Citi following the recent sharp selloff in its stock. With the stock down by more than 25% since the dual-listed company reported its annual results on Aug. 27, the investment bank raises its recommendation to neutral from sell. Analyst Laura Sutcliffe says shares are now trading at about 17 times estimated FY 2027 core earnings, which is close to their historical average. She sets her target price a little lower to reflect the softer-than-expected margins reported last month. Citi cuts its target price on Ebos's Australia-listed stock by 12.5% to A$28.00. Shares are up 3.0% at A$26.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 18, 2025 21:00 ET (01:00 GMT)
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