BUZZ-Australia's Transurban gains; Macquarie upgrades near-term earnings view, PT

Reuters12-11

BUZZ-Australia's Transurban gains; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> upgrades near-term earnings view, PT

** Toll road operator Transurban Group TCL.AX rises as much as 0.3% to A$13.02

** Macquarie raises PT to A$13 from A$12.67; retains "neutral"

** Co announces distribution of 32 Au cents for six months ending Dec. 31

** Brokerage says TCL surprised market with positive traffic data for October-November, with all markets doing better-than-expected

** Says strength in traffic adds marginally to earnings near-term, possibly signalling drag around road works and soft economy subsiding

** Lifts earnings estimates by 2.9% for FY25 and by 4.6% for FY26, but lowers FY27 and FY28 outlook by 0.7% and 1.8%, respectively

** Stock rated "hold" on avg; median PT is A$13.23 – LSEG

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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