Upside catalysts on tap for Australia's Goodman next year, Citi says
I'm PortAI, I can summarize articles.
Citi anticipates fiscal 2026 as a pivotal year for Goodman Group, with potential catalysts linked to capital raising and lease negotiations. These catalysts are driven by investor demand for data centers and tenant capacity needs. Citi highlights strong hiring in Goodman's data center development and expects solid earnings growth from development and management fees. The brokerage rates Goodman as a 'buy' with a target price of A$40, despite a 17.8% stock decline this year.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments