2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.(stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 29, 2024 18:54 ET (22:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。