0029 GMT - There's a lot to like in NRW Holdings's 1H result, says Citi analyst William Park. Revenue and Ebita beat expectations. Margins are wider than anticipated and guidance has also been revised higher. NRW's pipeline has increased, and its active tender balance and order book are up. "Cash conversion of 114% is strong and well ahead of our forecast of 81%," says Park. He calls NRW a "well-oiled machine." Citi has a buy rating and A$6.20 target on the stock. Shares are up 11% at A$6.27. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 18, 2026 19:29 ET (00:29 GMT)
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