RBC Capital initiated coverage of SGH Limited (SVNWF) with an Outperform rating and A$47 price target The announcement on Crux should act as a positive catalyst given the meaningful cashflow it will produce from FY29/30 onwards, which the firm believes is underestimated, the analyst tells investors in a research note. The infrastructure outlook remains in an air pocket, though RBC believes the negative view is overdone based on East Coast State Government Budgets, the firm added.
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