BUZZ-Jarden raises PT, rating for Australia's Emeco after upbeat FY25 forecast

Reuters
2024-11-21

** Shares of Emeco Holdings flat at A$0.81, hovering around 5-week high hit in the previous session

** On Wednesday, the mining services provider said it expects annual operating EBITDA of at least A$300 mln ($195.33 mln) for FY25, higher than FY24 EBITDA of A$280.5 mln

** Jarden analysts raise target price to A$1.0 from A$0.85; upgrades rating to "overweight" from "neutral"

** Brokerage now sees FY25 core EPS growth of 17%

** All three analysts covering the stock rate it "buy"; their median PT is A$1.07- LSEG data

** Stock up 20.9% YTD as of last close

($1 = 1.5359 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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