JP Morgan raises PT on Australia's Aurizon Holdings

Aurizon Holdings

13/10/2023 01:34

** Analysts at JP Morgan lift PT on Australia's Aurizon
Holdings  AZJ.AX  to A$3.90/share from A$3.80/share
    ** Brokerage says favourable weather paints a positive
outlook for coal volumes for the rail freight operator
    ** Maintains 'overweight' rating on stock
    ** AZJ tracking the broader market, down 1.6%
    ** Six of 14 analysts rate the stock "buy" or higher, six
"hold" and two "sell"; their median PT is A$3.90 – LSEG data
    ** AZJ has fallen 1.1% this year, as of last close 

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