Australia's Monadelphous climbs after Jefferies lifts PT

Monadelphous

Wed 24:30

Updates
** Shares of Australia's Monadelphous MND.AX rise as much as 7.6% to A$35.060, hitting their highest level since February 24
** Jefferies upgrades engineering firm to "hold"; lifts PT to A$29.50 from A$25.60
** Brokerage says co's H127 trading update forecast 30% NPAT beat versus mid-point of consensus estimate
** MND sees H127 NPAT of A$80 million - A$85 million, up more than 25% of mid-point of prior corresponding period
** Jefferies adds co's forecast of H127 revenue of A$1.7 billion ($1.16 billion), up 11% from previous corresponding period, is 13% above market forecast
** Lifts FY27-FY29 EPS forecast for MND by 10% - 15% 
** Expects co's H2FY27 earnings to be lower than in H1FY27
** Four of 12 analysts rate the stock "buy" or higher, seven "hold" and one "sell" or lower; their median PT is A$30.25, according to data compiled by LSEG
** MND up 31.2% YTD, including session's moves 

 ($1 = 1.46 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com))