RBC Capital upgraded Megaport (MGPPF) to Outperform from Sector Perform with a price target of A$18, up from A$15. The firm cites a more favorable out-year revenue growth outlook for the upgrade.
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Read More on MGPPF:
- Megaport Limited Announces Cessation of Restricted Stock Units
- Megaport Announces Director’s Interest Change
- Megaport Limited Announces Quotation of New Securities
- Megaport Issues Restricted Stock Units to Boost Employee Incentives
- Megaport’s Strong ARR Growth Offset by Cost Concerns and Execution Risks, Hold Rating Maintained
