---
title: "Shaw and Partners Keeps Their Buy Rating on Acrow Formwork and Construction Services Limited (59Y)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281435147.md"
description: "Shaw and Partners has maintained a Buy rating on Acrow Formwork and Construction Services Limited (59Y) with a price target of A$1.25, according to analyst Philip Pepe. Pepe, who covers the Industrials sector, has an average return of 3.2% and a 39.52% success rate on his stock recommendations. Additionally, Morgans’ Alexander Lu also issued a Buy rating for Acrow, while TipRanks downgraded the stock to a Hold on the same day."
datetime: "2026-04-01T22:35:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281435147.md)
  - [en](https://longbridge.com/en/news/281435147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281435147.md)
generator: "portal-rs"
---

# Shaw and Partners Keeps Their Buy Rating on Acrow Formwork and Construction Services Limited (59Y)

In a report released today, Philip Pepe from Shaw and Partners maintained a Buy rating on Acrow Formwork and Construction Services Limited, with a price target of A$1.25.

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Pepe covers the Industrials sector, focusing on stocks such as IPD Group Ltd, Duratec Limited, and Acrow Formwork and Construction Services Limited. According to TipRanks, Pepe has an average return of 3.2% and a 39.52% success rate on recommended stocks. 

In addition to Shaw and Partners, Acrow Formwork and Construction Services Limited also received a Buy from Morgans’s Alexander Lu in a report issued today. However, on the same day, TipRanks – OpenAI downgraded Acrow Formwork and Construction Services Limited (Frankfurt: 59Y) to a Hold.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**