NZ's Channel Infrastructure rises as Macquarie initiates coverage with 'outperform'

Channel Infrastructure NZ

04/12/2023 24:30

** New Zealand's Channel Infrastructure  CHI.NZ  rises 1.4%
to NZ$1.5
    ** Brokerage Macquarie initiates coverage on Channel stock
with an "outperform" and target price of NZ$2 
    ** Brokerage says it has a positive view for co, largely
underpinned by confidence in the long-term outlook for aviation
fuels and co's unique infrastructure positioning
    ** Macquarie sees upside potential for CHI from industry M&A
activity and future land bank development
    ** One of three analysts rate the stock "buy" , two "hold";
their median PT is NZ$1.60 – LSEG data
        ** Stock up 4.9% this year, as of last close
    

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))