** Morningstar says urban services firm DownerDOW.AX is well placed to benefit from structural drivers, including energy transition, national security, population growth, and government support for the local industrial base

** Investment research firm hikes fair value estimate by 9.5% to A$8.00, helped by lower weighted average cost of capital and time value of money assumptions

** Says Downer has turned itself around since the 2023 accounting scandals, introducing risk-control measures and new project management framework

** YTD, DOW shares up 2%, last closed at A$8.09