** Morningstar says Australian toll road operator Transurban
reported "solid" growth in the September quarter, with group-wide traffic numbers rising 1.1%, on average
** Says growth was still a little below its expectations
** Slightly reduces FY25 earnings ests. but keeps fair value est. unchanged at A$12.8
** The pandemic hit U.S. assets hard, as the tolled express lanes get little patronage when the adjacent freeways are not heavily congested - Morningstar
** Stock has fallen 4.7% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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