Citi raises profit view on Australia's Link after forecast upgrade

Link Administration Holdings

28/11/2023 20:33

** Citi raises earnings per share (EPS) estimate on Link
Administration Holdings  LNK.AX  by 2% for FY24-26 after the
company upgraded its earnings forecast for FY24 
    ** The Australian share registry firm on Tuesday raised
operating EBIT growth forecast to between 7% and 9% from "at
least 6%" forecast previously 
    ** Brokerage says upgrade to guidance reflects improvements
in trading
    ** Citi maintains a target price of A$1.40 and "neutral"
rating 
    ** 1 of 6 analysts rates the stock "strongbuy", 4 "hold" and
1 "sell"; their median PT is A$1.40 – LSEG data
    ** Stock down 37.2% this year, as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))