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UDG beats expectations

The healthcare services provider caught the market off guard with a better-than-expected first-quarter update
UDG beats expectations

Those who kept the faith in UDG Healthcare (UDG) have been duly rewarded following a better-than-expected first-quarter update from the medical services group. Having "made a good start to the financial year", the group says pre-tax profits are currently tracking "well ahead" of the prior year, driven by a combination of good underlying growth and contributions from acquisitions made in 2018.

IC TIP: Buy at 609p

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