Forsyth Barr boosts Infratil rating after One NZ purchase

Infratil boss Jason Boyes will be pleased at the firm's outperform rating. (Image: NZME)

Tue, 04 Jul 2023

Analysts at Forsyth Barr have increased their rating of Infratil following its oversubscribed equity raise and acquisition of the remaining shares of One New Zealand, formerly Vodafone NZ.Aaron Ibbotson and Benjamin Crozier released a note outlining why the infrastructure investment firm’s rating was increased from neutral to outperform and putting its 12-month target price at $11.90.This comes less than one week after Forsyth Barr analysts gave Spark the opposite treatment, downgrading it from outperform to neutral.Infratil recently boug...

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