Morningstar sees tailwinds for Downer after turnaround from accounting scandals
24/06/2026 20:24
BUZZ-Morningstar sees tailwinds for Downer after turnaround from accounting scandals ** Morningstar says urban services firm DownerDOW.AX is well placed to benefit from structural drivers, including energy transition, national security, population growth, and government support for the local industrial base
** Investment research firm hikes fair value estimate by 9.5% to A$8.00, helped by lower weighted average cost of capital and time value of money assumptions
** Says Downer has turned itself around since the 2023 accounting scandals, introducing risk-control measures and new project management framework
** YTD, DOW shares up 2%, last closed at A$8.09
(Reporting by Nichiket Sunil in Bengaluru)
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