2225 GMT - Smart Parking's fundamentals remain intact in the view of its bull at Shaw & Partners despite a recent fall in its share price. Analyst Larry Gandler tells clients in a note that this month's 21% drop in the value of its Australia-listed shares can be attributed to the capital raise that is funding the acquisition of U.S. peer Peak Parking. He reckons that the decline presents potential investors with a good-value entry point, adding that he sees 30% compound annual Ebitda growth through fiscal 2029. Shaw & Partners maintains a "buy" rating and A$1.25 target price on the stock, which is at A$0.70 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 18:25 ET (22:25 GMT)
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