0122 GMT - Incitec Pivot's more definitive plans to separate its fertilizers arm is a positive, says RBC Capital Markets in a note. The explosives and chemicals maker's stock is up 1.0% at A$3.13/share. Otherwise, its FY numbers, including EBIT, are in line with expectations, RBC says. The "result quality looks poor," though, it adds, highlighting cashflow conversion around 54% and A$712 million in one-off items. RBC has an outperform rating and A$3.60 target on the stock. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
November 10, 2024 20:22 ET (01:22 GMT)
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