0050 GMT - Titomic's demonstration of strong commercial momentum with high-profile customers including Airbus, Boeing, and France's navy help secure a new bull for the Australian additive-manufacturing company. Shaw & Partners analyst Abraham Akra initiates coverage of the stock with a buy rating, citing the value of Titomic's manufacturing certifications in expanding its reach into aerospace and defense markets. Its diverse revenue streams across machine sales, consumables and service contracts stabilize income and promote deeper customer engagement and retention, he writes in a note. Shaw places a A$0.30 target price on the stock, which is down 1.4% at A$0.1775. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 08, 2024 19:50 ET (00:50 GMT)
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