---
title: "Morgans Reaffirms Their Buy Rating on Acrow Formwork and Construction Services Limited (59Y)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294885556.md"
description: "Morgans analyst Alexander Lu reaffirmed a Buy rating on Acrow Formwork and Construction Services Limited (59Y), setting a price target of A$1.30. Lu, a 3-star analyst covering the Industrials sector, maintains this stance alongside an industry consensus of Strong Buy with an average target of €0.78."
datetime: "2026-08-04T23:45:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294885556.md)
  - [en](https://longbridge.com/en/news/294885556.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294885556.md)
generator: "portal-rs"
---

# Morgans Reaffirms Their Buy Rating on Acrow Formwork and Construction Services Limited (59Y)

Morgans analyst Alexander Lu maintained a Buy rating on Acrow Formwork and Construction Services Limited today and set a price target of A$1.30.

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According to TipRanks, Lu is a 3-star analyst with an average return of 4.4% and a 46.30% success rate. Lu covers the Industrials sector, focusing on stocks such as Brambles , Reliance Worldwide Corp., and Acrow Formwork and Construction Services Limited.

Currently, the analyst consensus on Acrow Formwork and Construction Services Limited is a Strong Buy with an average price target of €0.78.

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