Vector's Outlook Remains Solid, But Stock Fairly Valued -- Market Talk

Dow Jones10-23

0011 GMT - Vector's share price is up some 28% over the past 12 months and the rally has put the kibosh on Forsyth Barr's bullish call. "Our rating downgrade to neutral from outperform reflects Vector's strong share price performance and is not due to a deterioration in Vector's outlook," analyst Andrew Harvey-Green says. Vector remains a low-risk investment offering good dividend growth, Forsyth Barr says. "While there is some long-term downside risk associated with the gas network business, we anticipate the electricity network valuation to benefit from the gradual switch to electricity from gas," the bank adds. Vector is down 0.8% at NZ$4.90 today, just under Forsyth Barr's NZ$5.15 price target. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 22, 2025 20:11 ET (00:11 GMT)

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Vector remains a low-risk investment offering good dividend growth, Forsyth Barr says. \"While there is some long-term downside risk associated with the gas network business, we anticipate the electricity network valuation to benefit from the gradual switch to electricity from gas,\" the bank adds. Vector is down 0.8% at NZ$4.90 today, just under Forsyth Barr's NZ$5.15 price target. 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Vector remains a low-risk investment offering good dividend growth, Forsyth Barr says. \"While there is some long-term downside risk associated with the gas network business, we anticipate the electricity network valuation to benefit from the gradual switch to electricity from gas,\" the bank adds. Vector is down 0.8% at NZ$4.90 today, just under Forsyth Barr's NZ$5.15 price target. 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