ASALEO CARE LIMITED ((AHY)) Upgrade to Outperform from Neutral by Credit Suisse .B/H/S: 2/1/0
2016 results were ahead of forecasts. Credit Suisse notes some of the growth was in channels that are not readily observed such as 14% growth in the Pacific islands and high single digit growth in Australian industry tissue.
Credit Suisse upgrades 2017 estimates by 10%. Rating is upgraded to Outperform from Neutral. Target is raised to $1.75 from $1.50.