Sigma Healthcare downgraded to Underperform from Hold at Jefferies

Jefferies downgraded Sigma Healthcare (SIGGF) to Underperform from Hold with a price target of A$1.85, up from A$1.60. Sigma advised that it expects the proposed merger with Chemist Warehouse implementation to occur in February, notes the firm, which had previously forecast the merger to close at end-December 2024 and cites recent share price appreciation for the firm’s move to Underperform.