Citi analysts hopeful about Auckland Airport's FY25 earnings

Auckland International Airport

15/07/2024 21:37

** Analysts at Citi are hopeful about New Zealand's Auckland
Airport's  AIA.NZ  FY25 earnings, driven by strong international
highlights
    ** "Green shoots are appearing with a strong July month for
Asian passengers" - Citi
    ** Brokerage adds "macro environment for yield sensitive
stocks is improving with increasing chances of a near term US
rate cut"
    ** Citi adds, the Reserve Bank of New Zealand's dovish
comments at its July meeting, a positve for AIA
    ** Rates the stock "buy"
    ** Three of 10 analysts rate the stock "buy" or higher,
three "hold" and four "sell" or lower; their median PT is A$8.58
– LSEG data
    ** Stock is down over 9% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))