Transurban's Pipeline Hasn't Grown Much Lately -- Market Talk
Dow Jones
Feb 10
2318 GMT [Dow Jones]--Transurban has failed to materially increase the size of its project pipeline since the toll-road operator's last financial results in August, Macquarie analysts say. They tell clients in a note that the Australian company has ample balance-sheet capacity to invest in new projects, but most decisions are unlikely to be made until fiscal 2027. However, they do see American Legion Bridge in Maryland emerging as an opportunity, possibly in partnership with Ferrovial-owned Cintra. Macquarie trims its target price 0.6% to A$14.46 and stays neutral on the stock, which is up 1.0% at A$13.92. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 18:21 ET (23:21 GMT)
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