0347 GMT - Incremental progress on toll reform in Australia's New South Wales state is positive for Transurban but uncertainty could weigh on its shares until all issues are resolved, Jarden analysts write in a note. They see the draft in-principle agreement provided to the road operator and its partners as a sign of genuine progress, telling clients that there don't seem to be any sticking points from the company's side. They say it's good that the NSW government has committed to respecting existing contracts, but investors may stay cautious for now. Jarden keeps a neutral rating and A$12.30 target price on the stock, which is up 1.4% at A$12.905. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 15, 2024 22:47 ET (03:47 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。