0500 GMT - Margins at Australia-listed defense-tech provider Droneshield are unlikely to be compressed by U.S. tariffs, according to its bull at Shaw & Partners. Analyst Abraham Akra tells clients in a note that price is not a primary driver in procurement decisions for Droneshield customers, who are focused on tech leadership and operational performance. As such, he reckons that Droneshield can pass on the 10% U.S. tariff on Australian imports to its end customers. Droneshield's latest contracts highlight the company's growing commercialization and earnings visibility, he adds. Shaw & Partners raises its target price 33% to A$1.20 and keeps a buy rating on the stock, which is up 11% at A$1.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 01:00 ET (05:00 GMT)
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