Australia Aurizon rises as Morningstar lowers uncertainty rating to 'medium'

Aurizon Holdings

31/05/2024 03:11

** Shares of Australia's Aurizon Holdings  AZJ.AX  rise as
much as 2.4% to A$3.71, set for biggest intraday gain since May
20
    ** Analysts at Morningstar say that the rail-freight
operator's volumes look to be recovering and that shares look
attractive
    ** Brokerage lowers uncertainty rating on the firm to
"medium" from "high", reflecting strong earnings recovery across
haulage and regulated rail track operations
    ** Says firm is expected to cash in on the improving coal
demand outlook in India and Southeast Asia
    ** Sees more comfort around financial health of coal mining
customers and the long-term outlook for Australian coal exports
to Asia
    ** Stock has fallen 4.7% this year as of last close 

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