Port of Tauranga an 'attractive' buy, stands to benefit from pricing upheavals

Forsyth Barr has hiked its 12-month target price for Port of Tauranga by $1 to $6.25. (Image: POT)

Wed, 03 Jul 2024

Port of Tauranga stands to materially benefit from moves by its competitor Port of Auckland to hike user charges aggressively, an analyst says.In a research note released on June 25, Forsyth Barr analyst Andy Bowley upgraded the outlook for the blue-chip infrastructure stock from neutral to outperform, describing its recent weak share price as an attractive opportunity for investors.Shares in Port of Tauranga (POT), the country's largest export port, were trading at $4.80 on Tuesday, down from around $5.50 at the start of the year...

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