Southern Cross Electrical's Battery Prospects Please Bull -- Market Talk

Dow Jones07-08

0145 GMT - Southern Cross Electrical's latest A$50 million battery contract supports Shaw & Partners analysts' continued bullish view of the stock. They point out in a note to clients that they previously highlighted the possibility of such a development, and remind readers that they have also flagged another similar contract variation worth A$160 million. Unlike the A$50 million contract confirmed last week, this second deal isn't included in the analysts' forecasts. Southern Cross has noted that more battery projects are being rolled out, the Shaw analysts add. They roll forward their target price, raising it 11% to A$2.00, and maintain a buy rating. Shares are down 0.3% at A$1.75. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 07, 2024 21:45 ET (01:45 GMT)

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Southern Cross has noted that more battery projects are being rolled out, the Shaw analysts add. They roll forward their target price, raising it 11% to A$2.00, and maintain a buy rating. Shares are down 0.3% at A$1.75. 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They point out in a note to clients that they ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2449718870","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2449718870","pubTimestamp":1720403100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0145 GMT - Southern Cross Electrical's latest A$50 million battery contract supports Shaw & Partners analysts' continued bullish view of the stock. 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