Macquarie Research have downgraded Leighton Holdings to underperform - Taking profit while it's HOT
Add us as a preferred Google source
Livewire Equities
Livewire
Macquarie Research have downgraded Leighton Holdings to underperform - Taking profit while it's HOT. Hochtief (HOT) to make a conditional, proportional off-market offer to acquire 3 out of every 8 shares held by Leighton shareholders (ex Hochtief). The multiples are premium to domestic peers but in line with global. Given the extent of the recent share price rally, we reduce our recommendation to Underperform with a $22.00 target price.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Buy Hold Sell
Buy Hold Sell: A mega Mag 7 special
Livewire Markets
