0109 GMT - Sigma Healthcare's brief engagement with Boots likely yielded information valuable to its U.K. expansion plans, Citi analysts say. Having held preliminary talks over a potential acquisition of Boots, the Australian pharmacy chain operator probably has more detail on the U.K. market and its biggest player, they say. This is relevant since it recently announced plans to roll out its Chemist Warehouse brand in the U.K. The Citi analysts suggest Sigma also knows more about how investors would react to the purchase of a large incumbent player in a new market. They have an unchanged neutral rating on Sigma's stock and a target price of 3.20 Australian dollars. Shares are up 7.4% at A$2.835. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 14, 2026 21:09 ET (01:09 GMT)
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