0202 GMT - Pharmacy group Ebos gets a new bull in Forsyth Barr, which sees FY 2026 as a year when its earnings base is reset. Analyst Matt Montgomerie says it is heartening that Ebos's FY 2026 guidance implies a sequential stabilization in Ebitda margins from a weak 2H of FY 2025. "Beyond FY 2026, we believe the combination of improved facility utilization, boosted pharmacy wholesaler funding, gradual retendering of pharmacy contracts, and financial leverage should provide robust EPS growth," Forsyth Barr says. It forecasts EPS rising at a compound annual rate of 10% in FY 2025-FY 2029. Forsyth Barr upgrades Ebos to outperform from neutral. Ebos is down 1% at NZ$28.89. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 24, 2025 22:02 ET (02:02 GMT)
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