Analyst buoyant on Port of Tauranga

Pick of the ports: trading close to its lowest domestic premium (Image: supplied)

Tue, 12 Apr 2022

Investment house Forsyth Barr is picking the Port of Tauranga as an investment inflation hedge and hiked its shares into its top three ‘real asset’ picks. The market analysts now rate the NZX-listed port up from ‘underperform’ to ‘outperform’, citing its above-average earnings growth outlook supported by a more active pricing strategy. In a research note, analysts Andy Bowley and Matt Noland upgraded next year’s estimates for earnings on market consensus, reflecting higher unit pricing. F...

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