2309 GMT - No news from Monadelphous is likely good news, says Jefferies. Monadelphous hasn't updated on trading since its 1H result in February. Analyst Tom Chapman thinks Monadelphous is therefore on track for its FY 2025 targets of high-single-digit-revenue growth with improved operating margins. That's in line with Jefferies's forecasts for 8% revenue growth and a 30 bps expansion in margins. Monadelphous is due to report its annual result on Aug. 19. "All eyes will be on the contract pipeline for FY 2026, particularly after the acquisition of High Energy Service," Jefferies says. It downgrades Monadelphous to "underperform," from "hold," citing a lofty valuation. Its price target moves up 6.3%, to A$17.00/share, still below Monadelphous's closing price on Thursday of A$20.39. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 07, 2025 19:09 ET (23:09 GMT)
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