** New Zealand's Auckland International Airport AIA.NZ said on Monday it will cut airline passenger charges

** The country's competition watchdog had said in its final report on price setting event 4 (PSE4) that the airport operator was overcharging airlines and travellers

** AIA's shares ended 1.4% higher at NZ$8.17 on Monday

** Stock down 6.1% YTD as of last close

JEFFERIES UPS PT, MORNINGSTAR LOWERS FAIR VALUE ESTIMATE

** Jefferies raises PT to NZ$8.50 from NZ$8.30; retains "hold" rating

** Co's final return set at 7.82% is higher than brokerage's expectations of 7.51%

** However, brokerage estimates PSE4 actual returns to be ~6.37% below final allowed returns of 7.82%

** Morningstar lowers fair value estimate by 2% to NZ$9.30/shr

** Co's final return set at 7.82% is 20 basis point lower than brokerage's prior forecast

** Brokerage says 3% reduction in fiscal 2026 and 2027 net profit forecasts for co

** Two of eight analysts rate stock "buy", five "hold" and one "sell"; their median PT is NZ$8.10 – LSEG data

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))