Dyno Nobel Benefits From Strong Conditions in US, APAC, Further Upside Expected, Says Jefferies

MT Newswires Live

09/14

Dyno Nobel's (ASX:DNL) current operations are benefiting from strong conditions in Asia-Pacific and North America, which have continued into the second half of the year, according to a Friday Jefferies note.

Jefferies expects the company to reiterate the AU$600 million fiscal 2028 earnings before interest and tax target, and likely provide new three-year targets on the firm's investor day.

The investment firm said that the company is also expected to provide a positive end-market update and introduce new blasting technology.

Jefferies kept a buy rating on Dyno Nobel with a price target of AU$4.11.

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