NRW Holdings Bull Lauds Improved Earnings Visibility

Dow Jones
06/30

0347 GMT - Euroz Hartleys raises its price target on engineering contractor NRW Holdings by 18% to A$8.50/share, citing an increasing number of contract wins across multiple sectors. These wins make future earnings easier to predict, analyst Gavin Allen says. "We continue to expect further contract conversion across NRW's A$2.5 billion civil tender pipeline, particularly within Western Australia infrastructure, defense and urban projects," Euroz Hartleys says. Meantime, opportunities in other divisions remain strong, with Euroz Hartleys noting the buildout of data centers and more spending on defense. It keeps a buy call on NRW, which is up 3.2% at A$7.45. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 29, 2026 23:47 ET (03:47 GMT)

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