Australian IT firm Data#3 gains as Jarden bets on growth prospects

Data#3

05/12/2023 02:34

** Analysts at Jarden upbeat about growth prospects of
Australia's Data#3  DTL.AX ; shares rise as much as 1.8%, set
for best intraday gain since Nov. 23 
    ** Jarden initiates coverage with 'buy' rating and PT of
A$8.93
    ** Brokerage highlights the IT solutions and services
provider's ability to expand its services business off a low
base  
    ** Expects DTL to benefit from the recent push for
artificial intelligence
    ** Adds, expansion in profit margin and momentum in revenue
from managed services potential catalysts for the stock
    ** Stock up 16% this year, as of last close

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