BUZZ-Australia's Atlas Arteria gains; Macquarie ups PT on better traffic

Reuters

01/17

** Toll road developer Atlas Arteria rises 0.6% to A$5.0, highest since Oct. 29, 2024

** Macquarie raises PT to A$5.53 from A$4.97

** Cites better traffic at France's APRR toll road network, which is ALX's biggest asset

** Sees higher Q4 traffic in co-owned Dulles Greenway toll road in U.S.

** Says weaker Australian dollar to work in co's favour, given it owns and operates assets in U.S., France and Germany

** Stock rated "hold" on avg; median PT is A$5.3 – LSEG

** ALX fell 17.8% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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