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The latest update is out from Downer EDI Limited ( (AU:DOW) ).
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial holder in Downer EDI Limited, indicating that their voting interest in the company has fallen below the substantial holding threshold. The change reduces Macquarie’s influence over shareholder voting in Downer and may marginally alter the company’s institutional investor mix, though the release provides no details on the consideration, timing, or strategic rationale behind the sell-down.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed company operating in the engineering, construction and infrastructure services sector, providing services across transport, utilities, facilities, and asset management for government and corporate clients.
Average Trading Volume: 1,021,875
Technical Sentiment Signal: Buy
Current Market Cap: A$5.28B
For a thorough assessment of DOW stock, go to TipRanks’ Stock Analysis page.