Buy, Hold, Sell: What the brokers say

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In the good books

MONASH IVF GROUP LIMITED (MVF) Upgrade to Add from Hold by Morgans B/H/S: 2/0/0

Morgans observes the share price has been punished after the company downgraded first half expectations. Transition to a new CEO, the loss of a key doctor and competitive pressures are the main issues. However, underlying IVF cycle numbers are returning to long-term growth rates, and despite downgrading FY18 net profit forecasts by -7.2%, the broker is encouraged by broader market developments. Morgans upgrades to Add from Hold. Target is reduced to $1.52 from $1.58.

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