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ABB — Aussie Broadband News Story

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Morningstar expects Aussie Broadband to capture more market share

** Morningstar expects Aussie Broadband ABB.AX to increase market share by benefiting from lack of legacy costs
** Investment research firm expects telecom co to improve profitability by focusing on wholesale segment
** Retains A$5.20 per share fair value estimate, finds shares are modestly undervalued
** 8 of 12 analysts rated stock 'buy' or higher; remaining recommend 'hold', as per LSEG-compiled data
** YTD, shares up 40.3%, last closed down 0.6% at A$4.99

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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