Jefferies unfazed by oOh!media contract losses, maintains positive view

Ooh!Media

15/07/2025 22:48

** Jefferies maintains positive stance on Australia's oOh!media OML.AX despite recent contract setbacks, though sees shares as fully valued

** Brokerage views A$55 million ($35.82 million) contract losses over two years as offset by A$90 million in new wins, calling win-loss ratio "good"

** Says absence of contract losses could signal weak return on capital discipline for the media company

** Jefferies, however, cuts FY25-FY27 earnings per share forecasts by 0%, 6%, 6% following Auckland Transport contract non-renewal

** Maintains price target for OML at A$1.80 and a 'hold' rating

** Stock is up 48.7% YTD, as of last close

($1 = 1.5347 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))