Australia's DigiCo REIT gains as Macquarie initiates with 'outperform'

DigiCo Infrastructure REIT

04/02/2025 02:02

** Shares of Australia's DigiCo Infrastructure REIT  DGT.AX 
rise 1.7% to A$4.565
    ** Analysts at Macquarie initiate coverage on the firm with
A$5.33 PT and "outperform" rating
    ** Macquarie's PT at a 16.8% premium to co's current trading
price
    ** Brokerage says the recently listed firm's execution on
strategy should deliver double-digit EBITDA growth in the medium
term
    ** DGT is capital-intensive with moving variables, although
our scenario analysis suggests risk is skewed to the upside,
with a number of near-term positive catalysts - Macquarie
    ** Stock up 2.6% YTD
    

    

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