BUZZ-Australian bourse operator rises, Citi ups TP but retains 'neutral' rating
Citigroup Inc. C | 0.00 | |
ASE Technology Holding Co., Ltd. Sponsored ADR ASX | 0.00 |
** Shares of Australian bourse operator ASX ASX.AX advance as much as 1.7% to A$53.5
** Analysts at Citi lift target price for co to A$56.50 and nudge up their EPS growth estimates for FY27 and FY28 by 0.5 and 0.6 percentage points, respectively
** Says co’s core business continues to perform well, with strong top-line growth and a reasonable valuation
** Still retains 'neutral' rating on subdued near-term earnings profile
** With ASX's ASIC settlement resolved and greater clarity on the Accelerate transformation program , much of the regulatory overhang appears to have dissipated, while further strategic clarity from new CEO is awaited -- Citi
** Up ~4% YTD, including the session's moves
