0441 GMT - Citi analysts stay bullish on Aussie Broadband even though their 2028 revenue forecast falls short of the company's ambition. They tell clients in a note that they are looking for A$1.499 billion in 2028 revenue, which is about 6% below the Australian broadband provider's target. The Citi analysts think that management will need to lift operating expenses to deliver growth without sacrificing customers' service levels. However, they acknowledge that they are being conservative and see risks being tilted toward the upside. Citi keeps a buy rating and A$4.80 target price on the stock, which is up 1.6% at A$3.90. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 00:41 ET (04:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.