Infrastructure

Analyst buoyant on Port of Tauranga

Brent Melville
Tue, 12 Apr 2022

Analyst buoyant on Port of Tauranga
Pick of the ports: trading close to its lowest domestic premium (Image: supplied)
Brent Melville
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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