Pro Medicus's Bull Rebases Forecasts in Realism -- Market Talk

Dow Jones
Apr 20

0109 GMT - Pro Medicus keeps its bull at Morgans despite the broker shifting its valuation model to one that prioritizes achievability over optimism. Maintaining a buy rating on Australian imaging-tech provider, analyst Iain Wilkie says that he is simply rebasing expectations to levels he is confident it can meet or beat. He tells clients in a note that the new model is more sensitive to the timing of contract implementations and reflects a materially stronger Australian dollar. Wilkie says recent contract announcements have confirmed demand and pricing power. Morgans cuts its target price 24% to A$210.00. Shares are down 1.3% at A$146.74. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 19, 2026 21:09 ET (01:09 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