Jarden raises PT, rating for Australia's Emeco after upbeat FY25 forecast

Emeco Holdings

21/11/2024 03:44

** Shares of Emeco Holdings  EHL.AX  flat at A$0.81,
hovering around 5-week high hit in the previous session
    ** On Wednesday, the mining services provider said it
expects annual operating EBITDA of at least A$300 mln ($195.33
mln) for FY25, higher than FY24 EBITDA of A$280.5 mln
    ** Jarden analysts raise target price to A$1.0 from A$0.85;
upgrades rating to "overweight" from "neutral"
    ** Brokerage now sees FY25 core EPS growth of 17%
    ** All three analysts covering the stock rate it "buy";
their median PT is A$1.07- LSEG data
    ** Stock up 20.9% YTD as of last close 
   


($1 = 1.5359 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))