Morningstar cuts outlook for Australia's Atlas Arteria; sees lower traffic volumes

Atlas Arteria

07/04/2026 19:33

** Morningstar lowers fair value estimate for shares of toll road operator Atlas Arteria ALX.AX by 2% to A$4.80

** Research firm lowers 2026 proportional operating earnings by 5%

** Morningstar sees modest reduction in co's traffic volumes in 2026 because of high fuel prices, but sees fuel rationing to be unlikely in France, where co has toll roads

** Says France has refined fuel reserves of more than 100 days of imports, while the U.S., co's second-most important market, is highly self-sufficient

** 10 analysts 'hold' rated on avg, with median PT of A$4.96, as per LSEG-compiled data

** Stock down 13.1% YTD

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))