CSL's Ex-Bull Worries About Intensifying Competition to Vifor -- Market Talk

Dow Jones

May 29

CSL loses a bull in Jefferies, which thinks growth in the pharmaceutical company's Vifor business appears difficult in the short term. CSL is competing with rival drugs on price, particularly from generic medication Venofer. It's also facing negative currency swings. "We continue to expect impacts from generics in the near-term, and so continue to forecast a 15% decline in FY27 Vifor iron revenue, with a resultant 300 basis-points decline in CSL Vifor Ebit margin," analyst David Stanton says. Jefferies downgrades CSL to hold, from buy. Vifor's challenges add to headwinds buffeting CSL'S Behring division, which accounts for most of its revenue. Jefferies's price target falls 45% to A$108.00/share. CSL ended Thursday at A$97.59. (david.winning@wsj.com; @dwinningWSJ)

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May 28, 2026 19:01 ET (23:01 GMT)

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CSL is competing with rival drugs on price, particularly from generic medication Venofer. It's also facing negative currency swings. \"We continue to expect impacts from generics in the near-term, and so continue to forecast a 15% decline in FY27 Vifor iron revenue, with a resultant 300 basis-points decline in CSL Vifor Ebit margin,\" analyst David Stanton says. Jefferies downgrades CSL to hold, from buy. Vifor's challenges add to headwinds buffeting CSL'S Behring division, which accounts for most of its revenue. Jefferies's price target falls 45% to A$108.00/share. CSL ended Thursday at A$97.59. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 19:01 ET (23:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CSL's Ex-Bull Worries About Intensifying Competition to Vifor -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCSL's Ex-Bull Worries About Intensifying Competition to Vifor -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-29 07:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  CSL loses a bull in Jefferies, which thinks growth in the pharmaceutical company's Vifor business appears difficult in the short term. CSL is competing with rival drugs on price, particularly from generic medication Venofer. It's also facing negative currency swings. \"We continue to expect impacts from generics in the near-term, and so continue to forecast a 15% decline in FY27 Vifor iron revenue, with a resultant 300 basis-points decline in CSL Vifor Ebit margin,\" analyst David Stanton says. Jefferies downgrades CSL to hold, from buy. Vifor's challenges add to headwinds buffeting CSL'S Behring division, which accounts for most of its revenue. Jefferies's price target falls 45% to A$108.00/share. CSL ended Thursday at A$97.59. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 19:01 ET (23:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7508","symbol_name":"医药生物股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2639439614","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639439614","pubTimestamp":1780009260,"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":"CSL loses a bull in Jefferies, which thinks growth in the pharmaceutical company's Vifor business appears difficult in the short term. CSL is competing with rival drugs on price, particularly from generic medication Venofer. It's also facing negative currency swings. \"We continue to expect impacts from generics in the near-term, and so continue to forecast a 15% decline in FY27 Vifor iron revenue, with a resultant 300 basis-points decline in CSL Vifor Ebit margin,\" analyst David Stanton says. Jefferies downgrades CSL to hold, from buy. Vifor's challenges add to headwinds buffeting CSL'S Behring division, which accounts for most of its revenue. Jefferies's price target falls 45% to A$108.00/share. CSL ended Thursday at A$97.59. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7508":"医药生物股","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK7511":"ESG概念","BK7067":"生物科技","BK7501":"新冠治疗股","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","CSL.AU":"CSL LIMITED","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4086":"建筑产品","CSL":"卡莱尔伙伴","LU0728928796.USD":"abrdn SICAV I - GLOBAL SMALL&MID-CAP SDG HORIZONS EQUITY \"A\" (USD) ACC"},"translate_title":"CSL前公牛担心与Vifor的竞争加剧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSL.AU":0.9,"CSL":1.5},"content_text":"CSL loses a bull in Jefferies, which thinks growth in the pharmaceutical company's Vifor business appears difficult in the short term. CSL is competing with rival drugs on price, particularly from generic medication Venofer. It's also facing negative currency swings. \"We continue to expect impacts from generics in the near-term, and so continue to forecast a 15% decline in FY27 Vifor iron revenue, with a resultant 300 basis-points decline in CSL Vifor Ebit margin,\" analyst David Stanton says. Jefferies downgrades CSL to hold, from buy. Vifor's challenges add to headwinds buffeting CSL'S Behring division, which accounts for most of its revenue. Jefferies's price target falls 45% to A$108.00/share. CSL ended Thursday at A$97.59. 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