share_log

IVD Medical May Continue Gaining Market Share in Hospitals -- Market Talk

Dow Jones Newswires ·  Jul 23, 2020 03:48

DJ IVD Medical May Continue Gaining Market Share in Hospitals -- Market Talk

0748 GMT - IVD Medical, which is the sole distributor for Sysmex hemostasis IVD products in China, may continue gaining market share in hospitals, Jefferies says. Jefferies initiates coverage on the stock with a buy rating and a target price of HK$5.00. IVD Medical already covers six out of eight IVD segments in China, the U.S. investment bank adds. The medical supplier may also start to expand its profit margins as it starts to increase the breadth of its product offerings, including its self-branded products, the bank says. Shares gain 3.2% to HK$2.92. (yiwei.wong@wsj.com)

(END) Dow Jones Newswires

July 23, 2020 03:48 ET (07:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment