When InvoCare announces 1H results on February 22, Morgan Stanley expects moderating volume growth to 5.1% and 4.5% price growth in Australia funerals.
The broker eagerly awaits this result and considers it a potential catalyst should the extraordinarily strong trends for key metrics in the September quarter be confirmed.
The Equal-weight rating and $11.25 target are retained. Industry view is In-Line.
Sector: Consumer Services.
Target price is $11.25.Current Price is $11.09. Difference: $0.16 - (brackets indicate current price is over target). If IVC meets the Morgan Stanley target it will return approximately 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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