Goldman Sachs analyst Niraj Shah initiated coverage of Auckland Airport with a Neutral rating and NZ$8.70 price target. While the firm sees a strong earnings growth outlook, Goldman also believes this is reflected in expectations. The firm also expects capex program to compress free cash, and models dividends at the bottom of the range.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AUKNY: