Aussie Broadband gains as JPM upgrades to 'neutral'; lifts PT

Aussie Broadband

03/07/2024 03:28

** Shares of Aussie Broadband  ABB.AX  rise as much as 5% to
A$3.56
    ** Stock set for biggest intraday gain since early May
    ** Analysts at J.P. Morgan raise PT on co to A$3.35 from
A$3.30; upgrade rating to "Neutral" from "Underweight"
    ** Notes co has been successful in growing its market share
above industry levels
    ** Stock hits highest since June 25
    ** Five of eight analysts rate the stock "Buy" or higher and
three "Hold"; their median PT is A$4.50 – LSEG data
    ** Stock has fallen 13.1% this year as of last close

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