BUZZ-Citi expects Australia's NRW Holdings to post strong first-half results, lifts TP

Reuters01-16
BUZZ-Citi expects Australia's NRW Holdings to post strong first-half results, lifts TP

** Citi expects Australia's NRW Holdings NWH.AX to deliver solid first-half results

** Says robust order book, active tender balance, and growth across every segment to help co post strong earnings

** Sees NWH's first-half revenue to come largely inline with Visible Alpha consensus

** "We would not be surprised if NRW upgrades its revenue and earnings guidance next month" - Citi

** Brokerage cautions rain could pose risks to co but says co's mining operations are not near affected areas

** Maintain "buy" rating, hikes target price to A$6.20 per share

** Stock gained over 30% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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