BUZZ-Jefferies says Goodman's Europe JV for data centres de-risks FY26-28 earnings
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Jefferies highlights Goodman Group's JV with Canada Pension Plan Investment Board for European data centers, predicting it will de-risk FY26-28 earnings. Development margins are expected at 60% for projects in Paris, Frankfurt, and Amsterdam. Goodman has secured approval for a new 88MW data center in Sydney and may pursue a North American partnership in FY27. Analysts largely rate the stock as "buy" with a median target of A$38.03, despite a 11.3% YTD stock decline.
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