Investors may need to tread water on Freightways - Forsyth Barr

Freightways has been subject to a two-year earnings downgrade cycle. (Image: Freightways)

Tue, 18 Jun 2024

Forsyth Barr lowered its 12-month target price on Freightways and its FY25 earnings growth expectations “given persisting cyclical headwinds”.The company has been subject to a two-year earnings downgrade cycle, driven principally by the deteriorating economic backdrop, said Forsyth Barr analyst Andy Bowley.Elevated cost inflation dented margins and demand growth slowed and reversed across its operations.“While cost inflation has abated and imminent pricing should drive margin upside, a challenging volume environment will...

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