UBS has downgraded Sydney Airport (ASX:SYD) to Neutral from Outperform after the announcement of its corporate restructure

Livewire News

UBS has downgraded Sydney Airport (ASX:SYD) to Neutral from Outperform after the announcement of its corporate restructure. The stock has outperformed the ASX 200 since March, hitting an all-time high of $4.01 on Thursday. The broker remains upbeat on the company when compared to global aeronautical assets, as well the company's outlook on growth and yield.


About this contributor

Livewire News

Livewire News

, Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

Australia equities

Comments

Please sign in to comment on this wire.