BUZZ-Morningstar sees margin expansion at Australia's Telix Pharmaceuticals, maintains revenue outlook

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** Morningstar expects Telix Pharmaceuticals' TLX.AX EBIT margins to expand by 29% by midcycle

** TLX on Tuesday posted quarterly group revenue of $230 million, reiterated 2026 revenue forecast of $950 million-$970 million

** "Telix is on track to meet our 2026 revenue forecast of USD 960 million, which we leave unchanged," Morningstar says

** Growth in core prostate cancer imaging continues to underpin TLX's performance, the investor research firm says

** Morningstar expects momentum to persist alongside a successful 2026 launch of TLX's pipeline product Pixclara, an investigational agent for imaging glioma

** Morningstar maintains A$18 fair value estimate for TLX

** All 13 analysts rate the stock "buy" or higher; their median PT is A$23.15 – LSEG data

** YTD, TLX up 21.3% as of last close