Jefferies sets 'buy' rating on Australia's Aurizon Holdings

Aurizon Holdings

07/02/2024 22:40

** Shares of Aurizon Holdings  AZJ.AX  rise 0.3% on
Wednesday 
    ** Jefferies sets a "buy" rating with a price target of
A$4.28
    ** Brokerage sees Aurizon as a quality business able to
deliver more stable growth in the core business, with the upside
potential of Bulk business
    ** Brokerage forecasts 1H24  EBITDA to be A$855.6 mln
($557.85 mln), up 27.1% on the pcp
    ** 1H24 results are expected to highlight the business
remains on track to deliver strong earnings growth - Jefferies 
    ** Four of 14 analysts rate the stock "buy" or higher, eight
"hold" and two "sell" or lower; median PT is A$3.90 – LSEG data
    ** Stock rose ~2% last year      

($1 = 1.5337 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))