Macquarie Research have downgraded Leighton Holdings to underperform - Taking profit while it's HOT
Livewire Equities
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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.
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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
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Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
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No areas of expertise
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