BUZZ-Australia's CSL falls on Jefferies downgrade to "hold"

Carlisle Companies Incorporated

Carlisle Companies Incorporated

CSL

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** Shares of biotechnology major CSL Ltd CSL.AX fall as much as 2.5% to A$95.16, their lowest level since May 12

** Jefferies downgrades CSL to "hold" from "buy", citing limited near-term growth in its Vifor division amid rising competitive pressures

** Cuts price target to A$108 from A$195 after shifting to peer‑based valuation and lowering earnings forecasts

** Says CSL Vifor faces pricing pressure from generic iron products and insurer step-edits favouring lower-cost treatments

** Adds lower-than-expected CHF/USD forex forecast to impact Vifor revenue and profit

** Stock down 43.7% YTD, including the day's moves


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