Auckland Airport gains as Jefferies sees earnings momentum

Auckland International Airport

19/11/2024 02:45

** Shares of New Zealand's Auckland International Airport
 AIA.NZ  rise as much as 2% to NZ$7.55, highest since Oct. 22
    ** Analysts at Jefferies say the airport operator is well
placed in the current improving macroeconomic environment for
gathering earnings momentum
    ** With the RBNZ cutting rates, airlines' scheduled capacity
outlook being stable, and balance sheet repaired, the business
is seen remaining well-positioned - Jefferies
    ** Brokerage maintains PT at NZ$8.1, retains "hold" rating
on stock
    ** Stock had fallen 15.9% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))