BUZZ-Morgan Stanley ups TPG target, maintains underweight view on weak medium-term outlook

Reuters

Sep 01

BUZZ-<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> ups TPG target, maintains underweight view on weak medium-term outlook

** Analysts at Morgan Stanley raise their price target for Australia's TPG Telecom TPG.AX to A$4.70 from A$4.35, noting a 2.2% increase in TPG's service revenue in CY25, along with balance sheet improvements

** However, analysts view co as relatively expensive, estimating it to be trading at ~7.5x FY26E EBITDA

** Following the sale of its fibre assets to Vocus, TPG has become primarily a consumer mobile firm and NBN broadband reseller, leaving it vulnerable to disruptions in the currently favourable mobile market and making medium-term EBITDA growth more challenging - Morgan Stanley

** Maintains underweight rating, preferring industry peers Telstra TLS.AX and Aussie Broadband ABB.AX, for their rising absolute dividend and greater capital growth potential respectively

** Stock down 0.6% to A$5.26, bringing YTD gains to 17.2%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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<a href=\"https://laohu8.com/S/MSPQV\">Morgan Stanley</a></p><p>** Maintains underweight rating, preferring industry peers Telstra <span>TLS.AX</span> and <a href=\"https://laohu8.com/S/ABB.AU\">Aussie Broadband</a> <span>ABB.AX</span>, for their rising absolute dividend and greater capital growth potential respectively </p><p>** Stock down 0.6% to A$5.26, bringing YTD gains to 17.2%</p><p> (Reporting by Shruti Agarwal in Bengaluru)</p><p> ((Shruti.Agarwal@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Morgan Stanley ups TPG target, maintains underweight view on weak medium-term outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Morgan Stanley ups TPG target, maintains underweight view on weak medium-term outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-01 13:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a> ups TPG target, maintains underweight view on weak medium-term outlook</title></head><body><p>** Analysts at <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> raise their price target for Australia's <a href=\"https://laohu8.com/S/TPGTF\">TPG Telecom</a> <span>TPG.AX</span> to A$4.70 from A$4.35, noting a 2.2% increase in TPG's service revenue in CY25, along with balance sheet improvements </p><p>** However, analysts view co as relatively expensive, estimating it to be trading at ~7.5x FY26E EBITDA   </p><p>** Following the sale of its fibre assets to Vocus, TPG has become primarily a consumer mobile firm and NBN broadband reseller, leaving it vulnerable to disruptions in the currently favourable mobile market and making medium-term EBITDA growth more challenging - <a href=\"https://laohu8.com/S/MSPQV\">Morgan Stanley</a></p><p>** Maintains underweight rating, preferring industry peers Telstra <span>TLS.AX</span> and <a href=\"https://laohu8.com/S/ABB.AU\">Aussie Broadband</a> <span>ABB.AX</span>, for their rising absolute dividend and greater capital growth potential respectively </p><p>** Stock down 0.6% to A$5.26, bringing YTD gains to 17.2%</p><p> (Reporting by Shruti Agarwal in Bengaluru)</p><p> ((Shruti.Agarwal@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLS.AU","symbol_name":"TELSTRA GROUP LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250901:nL4N3UO0B5:1","article_id":"2564279895","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564279895","pubTimestamp":1756706396,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Morgan Stanley ups TPG target, maintains underweight view on weak medium-term outlook** Analysts at Morgan Stanley raise their price target for Australia's TPG Telecom TPG.AX to A$4.70 from A$4.35, noting a 2.2% increase in TPG's service revenue in CY25, along with balance sheet improvements ** However, analysts view co as relatively expensive, estimating it to be trading at ~7.5x FY26E EBITDA   ** Following the sale of its fibre assets to Vocus, TPG has become primarily a consumer mobile firm and NBN broadband reseller, leaving it vulnerable to disruptions in the currently favourable mobile market and making medium-term EBITDA growth more challenging - Morgan Stanley** Maintains underweight rating, preferring industry peers Telstra TLS.AX and Aussie Broadband ABB.AX, for their rising absolute dividend and greater capital growth potential respectively ** Stock down 0.6% to A$5.26, bringing YTD gains to 17.2%  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TLS.AU":"TELSTRA GROUP LTD","ABB.AU":"Aussie Broadband","TPG.AU":"TPG TELECOM LTD"},"translate_title":"BUZZ-Morgan Stanley上调TPG目标，维持跑输大盘对中期前景疲软的看法","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABB.AU":0.9,"TLS.AU":0.9,"TPG.AU":0.9},"content_text":"BUZZ-Morgan Stanley ups TPG target, maintains underweight view on weak medium-term outlook** Analysts at Morgan Stanley raise their price target for Australia's TPG Telecom TPG.AX to A$4.70 from A$4.35, noting a 2.2% increase in TPG's service revenue in CY25, along with balance sheet improvements ** However, analysts view co as relatively expensive, estimating it to be trading at ~7.5x FY26E EBITDA   ** Following the sale of its fibre assets to Vocus, TPG has become primarily a consumer mobile firm and NBN broadband reseller, leaving it vulnerable to disruptions in the currently favourable mobile market and making medium-term EBITDA growth more challenging - Morgan Stanley** Maintains underweight rating, preferring industry peers Telstra TLS.AX and Aussie Broadband ABB.AX, for their rising absolute dividend and greater capital growth potential respectively ** Stock down 0.6% to A$5.26, bringing YTD gains to 17.2% (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}