Goodman Group initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Kane Hannan initiated coverage of Goodman Group (GMGSF) with a Buy rating and A$39 price target The drivers of the firm’s constructive view of the industrial property and digital infrastructure manager, developer and investor include its strategic asset portfolio, its core industrial portfolio being well positioned for growth, a A$100B “highly strategic” data center portfolio and a year-to-date pullback in share price that makes the valuation “more supportive.”