0216 GMT - Telstra's mobile price rises have further reduced risks to fiscal 2027 earnings, Jarden analysts reckon. They tell clients in a note that the May increases to prepaid and postpaid prices are slightly stronger than expected, which is positive for mobile service revenue. Citing the price rises as well as the Australian telco's continuing cost discipline, AI-driven efficiencies and inflation-linked broadband growth in its fixed infrastructure business, they lift their target price by 2.0% to A$5.05 and maintain a neutral rating. Shares are up 0.1% at A$5.345. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 22:16 ET (02:16 GMT)
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