In the good books
ESTIA HEALTH LIMITED (EHE) Upgraded to Equal-weight from Underweight by Morgan Stanley B/H/S: 1/2/0
The operating performance has improved, the balance sheet strengthened and there is a focus on growth. Along with this, Morgan Stanley notes a more favourable regulatory environment. Whilst more positive, valuation and low growth holds the broker back. Rating is upgraded to Equal-weight from Underweight. Target is raised to $3.45 from $2.30.