BUZZ-Citi retains 'buy' rating on Australia's Service Stream, hikes TP

Reuters02-23

** Citi retains "buy" rating for Service Stream , hikes target price to A$1.20 from A$1.15

** Shares rose 5.8% on Thursday

** Brokerage says it continues to view FY24 as a year of delivery for Service Stream

** Adds that improved balance sheet, benefits from group optimisation and potential entry into adjacent markets underpin voice of confidence from SSM

** Transport is rebased in 1H and poised for further upside just from seasonality with respect to O&M agreement - Citi

** Five of six analysts rate the stock "buy" or higher, one "hold"; their median PT is A$1.12 – LSEG data

** Stock up ~4% YTD

(Reporting by Neha Soni in Bengaluru)

((Neha.Soni@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2413922521?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-23 04:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2413922521","market":"us","top_or_hot":-1,"title":"BUZZ-Citi retains 'buy' rating on Australia's Service Stream, hikes TP","media":"Reuters","content":"<html><body><p>** Citi retains \"buy\" rating for Service Stream   , hikes target price to A$1.20 from A$1.15 </p><p>   ** Shares rose 5.8% on Thursday</p><p>   ** Brokerage says it continues to view FY24 as a year of delivery for Service Stream</p><p>   ** Adds that improved balance sheet, benefits from group optimisation and potential entry into adjacent markets underpin voice of confidence from SSM</p><p>   ** Transport is rebased in 1H and poised for further upside just from seasonality with respect to O&amp;M agreement - Citi</p><p>   ** Five of six analysts rate the stock \"buy\" or higher, one \"hold\"; their median PT is A$1.12 – LSEG data</p><p>   ** Stock up ~4% YTD</p><p> (Reporting by Neha Soni in Bengaluru)</p><p>((Neha.Soni@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Citi retains 'buy' rating on Australia's Service Stream, hikes TP</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Citi retains 'buy' rating on Australia's Service Stream, hikes TP\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-23 04:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Citi retains \"buy\" rating for Service Stream   , hikes target price to A$1.20 from A$1.15    ** Shares rose 5.8% on Thursday   ** Brokerage says it continues to view FY24 as a year of delivery for ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2413922521","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2413922521","pubTimestamp":1708632951,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Citi retains \"buy\" rating for Service Stream   , hikes target price to A$1.20 from A$1.15    ** Shares rose 5.8% on Thursday   ** Brokerage says it continues to view FY24 as a year of delivery for Service Stream   ** Adds that improved balance sheet, benefits from group optimisation and potential entry into adjacent markets underpin voice of confidence from SSM   ** Transport is rebased in 1H and poised for further upside just from seasonality with respect to O&M agreement - Citi   ** Five of six analysts rate the stock \"buy\" or higher, one \"hold\"; their median PT is A$1.12 – LSEG data   ** Stock up ~4% YTD ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4566":"资本集团","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BUZZ":"VanEck Social Sentiment ETF","BK4207":"综合性银行","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","C":"花旗","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK7055":"建筑与工程","BK4534":"瑞士信贷持仓","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","SSM.AU":"SERVICE STREAM LTD","BK4504":"桥水持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC"},"translate_title":"BUZZ-Citi维持澳大利亚服务流“买入”评级，上调TP","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUZZ":1,"SSM.AU":0.9,"C":0.9},"content_text":"** Citi retains \"buy\" rating for Service Stream   , hikes target price to A$1.20 from A$1.15    ** Shares rose 5.8% on Thursday   ** Brokerage says it continues to view FY24 as a year of delivery for Service Stream   ** Adds that improved balance sheet, benefits from group optimisation and potential entry into adjacent markets underpin voice of confidence from SSM   ** Transport is rebased in 1H and poised for further upside just from seasonality with respect to O&M agreement - Citi   ** Five of six analysts rate the stock \"buy\" or higher, one \"hold\"; their median PT is A$1.12 – LSEG data   ** Stock up ~4% YTD (Reporting by Neha Soni in Bengaluru)((Neha.Soni@thomsonreuters.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2413922521"}