Equity Analysis /
Australia

AU : Atlas Arteria - Moderating

    Nathan Lead
    Nathan Lead

    Senior Analyst - Infrastructure & Utilities

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    CGS-CIMB
    26 March 2022
    Published byCGS-CIMB

    Rating downgraded from ADD to HOLD given compression in potential returns. Moderated expected growth in DPS given modelling changes and upward surge in AUDEUR. Likewise, 12-month target price reduced from $6.69 to $6.41ps.