Credit Suisse updates forecasts to allow for changes in parameters associated with the weighted average cost of capital (WACC) which reflects the low-interest-rate environment. This has little impact on valuation
The broker assesses Chorus is doing a good job in marketing fibre and growing uptake and the approach the board takes to gearing and dividends will ultimately determine where the business settles at the end of its 10-year build.
Neutral retained. Target is raised to NZ$8.38 from NZ$8.34.
Sector: Telecommunication Services.
Current Price is $7.86. Target price not assessed.
