2308 GMT [Dow Jones]--Infratil gets a new bull in Citi, which likes its exposure to growth infrastructure businesses such as data centers and renewable energy. These businesses comprise more than 80% of Infratil's NZ$18 billion portfolio. "Large growth pipelines for data centers $(CDC)$ and renewables (Longroad and Gurin) provide embedded cash flow and value growth options," analyst Suraj Nebhani says. Citi says the CDC data-centers business is valued below Australian peers despite a larger secured pipeline of projects. "Infratil trades 30% cheaper than historic average on price to net asset value" after fees are deducted, Citi says. It starts coverage with a buy call and NZ$14.10/share price target. Infratil is down 1.3% at NZ$12.235 today. (david.winning@wsj.com)
(END) Dow Jones Newswires
September 08, 2025 19:12 ET (23:12 GMT)
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