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Deutsche Bank raises Advanced Medical Solutions price target to GBP2.75
Deutsche Bank has raised the price target for Advanced Medical Solutions (AMS) to GBP2.75 from GBP2.50, maintaining a Buy rating. Analyst Kane Slutzkin noted improved operational performance and consistent earnings growth for fiscal year 2024, despite market concerns regarding the Peters Surgical acquisition and challenges in the Woundcare division. The current stock price, trading at 9.5 times EV/EBITDA, is seen as an investment opportunity, with projected synergies and a 10% increase in earnings per share by fiscal year 2027.
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