Deutsche Bank Downgrades Fresenius Medical Care (FMS) to Hold; Greatness Reflected In Valuation
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Price: $23.50 -1.14%
Rating Summary:
8 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
8 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank downgraded Fresenius Medical Care (NYSE: FMS) from Buy to Hold. PT increased from E51 to E56.
Deutsche analyst says, "We continue to like the investment case, industry prospects and management's strategy execution. We still expect good fundamental newsflow, e.g. a company guidance upgrade, accelerating earnings momentum, rising consensus estimates. However, given the 36% ytd USD share price performance, we now see the great prospects as adequately reflected in the share price. At 19x 2012E P/E, the stock trades at the upper end of its historic range, leaving only slim upside potential."
For more ratings news on Fresenius Medical Care click here and for the rating history of Fresenius Medical Care click here.
Shares of Fresenius Medical Care closed at $77.89 yesterday.
Deutsche analyst says, "We continue to like the investment case, industry prospects and management's strategy execution. We still expect good fundamental newsflow, e.g. a company guidance upgrade, accelerating earnings momentum, rising consensus estimates. However, given the 36% ytd USD share price performance, we now see the great prospects as adequately reflected in the share price. At 19x 2012E P/E, the stock trades at the upper end of its historic range, leaving only slim upside potential."
For more ratings news on Fresenius Medical Care click here and for the rating history of Fresenius Medical Care click here.
Shares of Fresenius Medical Care closed at $77.89 yesterday.
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