Dyno Nobel Benefits From Strong Conditions in US, APAC, Further Upside Expected, Says Jefferies
MT Newswires Live
Sep 14
Dyno Nobel's (ASX:DNL) current operations are benefiting from strong conditions in Asia-Pacific and North America, which have continued into the second half of the year, according to a Friday Jefferies note.
Jefferies expects the company to reiterate the AU$600 million fiscal 2028 earnings before interest and tax target, and likely provide new three-year targets on the firm's investor day.
The investment firm said that the company is also expected to provide a positive end-market update and introduce new blasting technology.
Jefferies kept a buy rating on Dyno Nobel with a price target of AU$4.11.
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