Company updateMoneycontrol
Motilal Oswal raises Fortis target to Rs 940
Positive+4
GreyOak summary
Motilal Oswal reiterated a BUY rating for Fortis Healthcare with a target price of Rs 940. The firm cited better-than-expected 1HFY27 performance, with hospital revenue growing 18.8% YoY. The broker assigned a SOTP-based target price based on 25x EV/EBITDA for hospitals and 23x for diagnostics.
What it affects
- Fortis HealthcareFORTISPositive +4
Target price raised to Rs 940Rolling sentiment Neutral +1
- HealthcarePositive +4
Revenue grew 18.8% driven by diagnosticsRolling sentiment Positive +39
Source
Read the original at MoneycontrolMore Fortis Healthcare news
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