AIA – UBS rates the stock as Sell

UBS believes the proposed bid for Sydney Airport ((SYD)) has limited implications for Auckland International. There are material differences in shareholder ownership restrictions between the two.

The broker expects operating earnings for Auckland Airport will return to pre-pandemic levels by FY24. At this stage there is no suggestion of a change in dividend policy. Sell maintained. Price target is NZ$6.65.

Sector: Transportation.

 

Current Price is $7.07. Target price not assessed.

 

 

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