Citi lifts TP on Australia's Dyno Nobel, says energetics business adds valuation support
08/10/2026 24:34
BUZZ-Citi lifts TP on Australia's Dyno Nobel, says energetics business adds valuation support Updates
** Shares of Australia's Dyno Nobel DNL.AX up 0.3% at A$4.050
** Analysts at Citi maintain "Buy" rating on the company, 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
** Shares up 25.7% YTD, including the session's moves
(Reporting by Roshan Thomas in Bengaluru)
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