0605 GMT - While Macquarie reckons SGH might do better than its current FY25 earnings guidance, it doesn't expect an upgrade just yet, analysts at the bank say ahead of the company's investor day on Wednesday. "We do not expect much from the day itself, although there is a lot of interest in SGH's next strategic move," the Macquarie analysts say in a note. SGH restated its outlook for high single-digit Ebit growth in FY25 earlier this month. The analysts say SGH's medium-term growth outlook and "unique exposures" are attractive. They also reckon SGH is preparing for another acquisition. Macquarie reiterates an outperform rating on SGH with a target of A$56.10. SGH is down 0.4% at A$52.56. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 19, 2025 02:05 ET (06:05 GMT)
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