Jefferies sees Australia's Aurizon board shake-up, tighter capital use as catalyst for re-rating

Aurizon Holdings

11/12/2025 19:11

** Jefferies says hopes for a board shake-up at Aurizon AZJ.AX and sharper capital deployment could pave the way for a fresh re-rating

** Rail freight operator on Thursday named Tim Longstaff as chair, succeeding Tim Poole, who is retiring

** Brokerage says uncertainty over the Network Review lingers ahead of February results, but a broader strategy rethink now looks unlikely

** Calls the stance disappointing, saying value in core coal and network remains obscured by bulk weakness and container freight losses, making a formal strategy review welcome

** Stock up 9.9% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))