0144 GMT - Hansen Technologies' improved earnings visibility is seen by its bulls at Goldman Sachs as having the potential to support the stock's further re-rating. GS analysts say that cost savings at Hansen's Powercloud business give them confidence in the Australian billing tech provider's ability to bring forward margin expansion at the recent acquisition. They write in a note that market confidence in Powercloud's earnings inflection and Hansen's organic growth could support a wider re-rate of the stock. They raise their target price 25% to A$6.35 and reiterate a buy rating on the stock. Shares are up 0.4% at A$5.59. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 25, 2024 20:44 ET (01:44 GMT)
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