0041 GMT - Australian water-management specialist Rubicon Water gets a new bull at Wilsons, where analysts anticipate significant medium-term sales growth. Initiating coverage of the stock with an overweight recommendation, the analysts tell clients in a note that the company, which focuses on improving agricultural customers' water efficiency, has negligible direct competition for its market-leading product solutions. They says the U.S. is a growing market for Rubicon, and see upside risk to their current forecasts if customer engagement and contract wins accelerate by more than they expect. Wilsons puts a A$0.41 target price on the stock, which is flat at A$0.235. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 15, 2024 20:41 ET (00:41 GMT)
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