Analysts raise NZX Ltd target price after guidance lift

After the NZX's guidance announcement, shares rose 4.4%. (Image: NZME)

Wed, 16 Oct 2024

Forsyth Barr and Jarden analysts have raised their target prices for exchange operator NZX following a 10% guidance lift. NZX Ltd said Monday it expects full-year 2024 operating earnings before interest, taxes, depreciation, and amortisation (ebitda) to be between $45 million and $49m, the middle range of which is 10% higher than previous guidance.After the announcement, shares rose 4.4% to end the day at $1.43. They were up again Tuesday, closing at $1.44. Late Monday night, Jarden analysts Grant Lowe and Zachary McIntyre raised the...

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