0306 GMT - Jarden analysts stay positive on Telstra and its relatively defensive earnings profile despite the stock's significant overperformance of the past 12 months. Tom Beadle and Liam Robertson tell clients in a note that the Australian telecommunications provider's recurring broadband network payments from the country's government--which are inflation-linked--support their positive view of the stock. There are some risks to mobile revenues from cost-of-living pressures and slower population growth, but they don't see competition with the likes of TPG Telecom and Singapore Telecommunications-owned Optus becoming irrational. Jarden lifts its target price by 3.5% to A$4.45 and stays overweight on the stock, which is up 1.1% at A$4.45. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 23:06 ET (03:06 GMT)
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