Australia's Data#3 rises as Morgan Stanley positive on long-term outlook

Data#3

15/01/2025 04:02

** Shares of Data#3  DTL.AX  rise 1.4% to A$6.43
    ** Morgan Stanley maintains "overweight" rating for the IT
services and solutions provider due to its strong competitive
position, robust outlook, and history of strong EPS growth
    ** Sees some near-term headwinds for co, but long-term
intact  
    ** Looking out for more "colour in incentive impact" in
February interim results to see what co can do to mitigate
headwind and further close 'net' gap, and what time frames -
Morgan Stanley
    ** Two of eight analysts rate the stock "buy" and six
"hold"; their median PT is A$7.99 – according to data compiled
by LSEG

    

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))