** Analysts at Jefferies note Australia's Monadelphous Group MND.AX securing about A$585 million ($390.66 million) worth of contracts since start of new year

** Calls it strongest January in co's history in terms of number of contracts and aggregate contract value

** Says FY26 earnings impact from new contracts is modest

** Jefferies sees early momentum increasing likelihood of upside to FY27 revenue estimates

** Rates stock "underperform," keeps target price of A$18 per share

** Six of 13 analysts rate the stock "buy" or higher, four "hold" and three "sell" or lower; their median PT is A$24.60 – data compiled by LSEG

** Stock gained nearly 90% in 2025

($1 = 1.4975 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))