BUZZ-Australia's Telix Pharmaceuticals down as Citi sees no surprise in Q4 results

Reuters
Jan 21
BUZZ-Australia's <a href="https://laohu8.com/S/TLX.AU">Telix Pharmaceuticals</a> down as Citi sees no surprise in Q4 results

Updates

** Shares of Australia's Telix Pharmaceuticals TLX.AX fall as much as 5.1% to A$10.9, their lowest level since Jan. 8

** Stock logs its biggest intraday pct loss since Dec. 17

** Citi says TLX's fourth-quarter results did not provide any major numerical surprises

** TLX, after market hours on Tuesday, reported revenue of $208 million, up 46% year-on-year

** Citi says revenue in line with Visible Alpha and its estimates

** Brokerage says investors would likely shrug off results and instead focus on short-term milestone events for co's products

** Earlier this week, TLX said China's NMPA accepted its New Drug Application for prostate imaging cancer product

** Citi analysts, however, do not see the news as a major driver for stock

** Citi keeps "buy/high risk" rating for TLX, target price of A$34 apiece

** All 13 analysts covering the stock rate it "buy" or higher; their median PT is A$24.75 – LSEG data

** Stock lost nearly 55% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10