Australia's Atlas Arteria gains; Macquarie ups PT on better traffic

Atlas Arteria

17/01/2025 02:09

** Toll road developer Atlas Arteria  ALX.AX  rises 0.6% to
A$5.0, highest since Oct. 29, 2024
    ** Macquarie raises PT to A$5.53 from A$4.97
    ** Cites better traffic at France's APRR toll road network,
which is ALX's biggest asset
    ** Sees higher Q4 traffic in co-owned Dulles Greenway toll
road in U.S.
    ** Says weaker Australian dollar to work in co's favour,
given it owns and operates assets in U.S., France and Germany
    ** Stock rated "hold" on avg; median PT is A$5.3 – LSEG
    ** ALX fell 17.8% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))