Goldman Sachs analyst Niraj Shah initiated coverage of Aurizon with a Neutral rating and A$3.95 price target. The firm notes that overweight coal exposure is driving a pivot, with the company seeing significant opportunities in non-coal haulage. Goldman believes the pivot weighs on cash generation. However, the firm further thinks the higher capital intensity is priced in.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly