Cochlear's Outlook Moderates on U.S. Consumer Sentiment

Dow Jones
Jun 30

0013 GMT - Cochlear's earnings outlook continues to moderate due to the ongoing decline in U.S. consumer sentiment, according to a note from one of Macquarie's analysts. The analyst observes that sentiment has got even worse since the Australia-listed hearing-implant maker downgraded its FY 2026 guidance in April. They tell clients that consumer pressures remain centered on cost-of-living and inflation pressures, which erodes their confidence in implant demand. They reduce their FY 2026 underlying net profit forecast by about 3% to A$306 million, with similar cuts over the next two fiscal years. Macquarie keeps a neutral rating on the stock but raises its target price 3.5% to 119.00 Australian dollars on an updated weighted risk-free rate. Shares are down 0.9% at A$120.04. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 20:13 ET (00:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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