2219 GMT - Imaging-tech provider Pro Medicus's share price is plumbing 18-month lows after being caught up in the global software selloff. Morgans says investors concerned about AI threats misunderstand what Pro Medicus offers. It upgrades the stock to buy from accumulate. Analyst Iain Wilkie says AI will become one of the most powerful tools in healthcare. But for radiology it still needs stable, high-performance infrastructure to operate. "Pro Medicus provides that infrastructure, so, in many ways the acceleration toward AI potentially makes its business case more compelling as a product versus peers--at least in the medium term," Morgans says. It has a A$290.00/share price target on Pro Medicus, which ended Monday at A$161.17. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 09, 2026 17:19 ET (22:19 GMT)
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