Citi lifts PT on Australia's PWR Holdings

PWR Holdings

20/08/2023 20:37

** Analysts at Citi raise Price Target on Australia's PWR
Holdings  PWH.AX  to A$11.75/share from A$11.55/share
    ** Brokerage says co delivered FY23 results in-line-with
estimates, with net profit after tax up 4.4%
    ** Citi expects revenue growth to return to around 20% in
fiscal 2024; remains 'Buy' rated
    ** Increases net profit after tax estimates on the designer,
manufacturer, and supplier of advanced cooling solutions by 1-6%
for FY24 and FY25
    ** Five of eight analysts rate the stock "buy" or higher,
two "hold" and one "sell"; their median PT is A$10.71 –
Refinitiv data
    ** Stock has fallen 9.3% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Hugh
Lawson)
 ((Rishav.Chatterjee@thomsonreuters.com;))