Goodman Group’s investor day presentation has left the broker’s investment thesis intact. Demand remains strong globally, and data centres and cold storage are becoming increasingly important tenant categories.
All up the day provided an incremental positive. The broker retained Outperform, lifting its target to $16.49 from $14.57.
Sector: Real Estate.
Target price is $16.49.Current Price is $15.02. Difference: $1.47 – (brackets indicate current price is over target). If GMG meets the Macquarie target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
