Citi lifts TP on Australia's Dyno Nobel, says energetics business adds valuation support
07/10/2026 19:36
BUZZ-Citi lifts TP on Australia's Dyno Nobel, says energetics business adds valuation support ** Analysts at Citi maintain "buy" rating on Australia's Dyno Nobel DNL.AX, but raise target price to A$4.55 per share
** Citi says contribution from company's energetics business to near-term profit is relatively limited, but can have more meaningful impact on valuation
** Raises FY27 and FY28 EBIT estimates by 1% and 10%, respectively, following the company's investor day and outlook update
** Introduces an initial valuation of about 40 Australian cents per share for energetics business
** Five of 13 analysts rate the stock "buy" or higher, eight "hold"; median PT is A$3.80 - LSEG data
** Shares up 25.9% so far this year
(Reporting by Roshan Thomas in Bengaluru)
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