2210 GMT - SRG Global's A$85 million acquisition of marine infrastructure services business Total AMS ticks many boxes strategically, says Euroz Hartleys. The deal should give an immediate boost to SRG's earnings, add exposure to strong growth markets in marine-orientated infrastructure and comes with a strong work-in-hand position of A$600 million, it says. Euroz Hartleys lifts its price target by 33%, to A$3.40/share, on what it considers to be conservative forecasting. Analyst Gavin Allen says a "further re-rate beyond this is certainly possible, perhaps even likely, consistent with the quality of earnings, track record, opportunity in infrastructure, structural tails winds broadly and in comparison to peers." SRG ended Tuesday at A$2.65. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 14, 2025 18:10 ET (22:10 GMT)

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