Jefferies ups Aussie Imdex's PT on ALT buy, touts bold push into orebody intelligence

Imdex

01/12/2025 19:22

** Jefferies lifts Imdex’s IMD.AX price target, calling its purchase of Luxembourg-based Advanced Logic Technology a strategic step in developing orebody intelligence capabilities

** Ups PT to A$3.55 from A$3.30; maintains "hold"

** Brokerage sees FY26–28 adj EPS rising 1%, 2%, and 3%, respectively

** Expects the deal to slot seamlessly into the mining tech firm's Hub-IQ and EarthNET platforms

** Stock is up 46.6% YTD as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))