Citi 'incrementally more positive' on Australia's Orica after investor day

ORICA

12/03/2025 18:53

** Citi analysts say they are "incrementally more positive" on Australian infrastructure provider Orica ORI.AX after the co outlined some positive developments at its investor day 2025 on March 12

** Citi gives a target price of A$19.00 and a "neutral" rating for Orica

** Orica's last closing price before the event was A$16.90

** The company flagged that its first-half earnings are running ahead of expectations helped by cost management and supply resiliency, Citi says

** Co added that earnings growth for its Digital Solutions segment is helped by top line and margin improvement — Citi

** 11 of 13 analysts rate the stock "buy" or higher and two "hold"; their median PT is A$20.91 — LSEG data

** Stock up 0.6% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))