RBC Capital analyst Ben Pfannes-Varrow initiated coverage of Kier Group (KIERF) with a Sector Perform rating and 215 GBp price target RBC noted that Kier has “executed strongly” since FY21, and is “well positioned to benefit from increasing UK infrastructure investment,” but the firm would like to see “clarity of underlying growth beyond GDP+” as well as “a plan to accelerate de-leveraging” in order to further re-rate the shares.
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