Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - RBC Capital upgraded Regis Healthcare Ltd. (ASX:REG) from Sector Perform to Outperform and raised its price target to AUD8.00 from AUD7.50.
The upgrade comes as RBC Capital forecasts double-digit earnings growth for the aged care provider over the next two years, supported by high occupancy rates and increased funding.
RBC Capital cited the integration of recently announced acquisitions and the completion of development projects as additional factors contributing to its positive outlook for Regis Healthcare.
The firm projects a total shareholder return of 24% and a three-year earnings per share compound annual growth rate of 22% for Regis Healthcare.
RBC Capital adjusted its forecasts to reflect two acquisitions announced by Regis Healthcare, which contributed to the price target increase from AUD7.50 to AUD8.00 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
