Data#3's Guidance Could Drive Relief Rally -- Market Talk

Dow Jones

2024/10/30

0008 GMT - Data#3's first-half guidance looks strong enough to justify a relief rally in the beaten-down stock, E&P analyst Olivier Coulon says. Having already touted the December half as the nadir in the Australian tech-services provider's earnings growth, he tells clients in a note that the stronger-than-expected profit outlook is a positive. That's despite much of the strength comes from higher net interest income. E&P has a positive rating and A$9.91 target price on the stock, which is up 2.75% at A$7.47. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 29, 2024 20:08 ET (00:08 GMT)

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