AST - Citi rates as Upgrade to Neutral from Sell
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Following the recent underperformance of the share price Citi upgrades to Neutral from Sell and considers the stock fairly valued. The broker also updates its model for the FY18 results, which slightly missed expectations.
The broker continues to prefer Spark Infrastructure ((SKI)) in the sector. Target is $1.54.
Target price is $1.54.Current Price is $1.53. Difference: $0.01 - (brackets indicate current price is over target). If AST meets the Citi target it will return approximately 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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