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Chorus cost clamp-down gives analyst cheer, stock upgraded to ‘buy’
By Paul McBeth Feb. 26 (BusinessDesk) - Measures by telecommunications network operator Chorus to achieve $400 million in savings over the next six years to mitigate the impact of looming regulated price cuts has been welcomed by one analyst, who has upgraded the stock to a ‘bu...
Tourism Holdings beats first-half guidance on NZ tourist assets, flags full-year profit surge
By Suze Metherell Feb. 26 (BusinessDesk) – Tourism Holdings turned to a profit in the first half, beating its guidance, as improved New Zealand tourism returns made up for a weaker Australian performance. The shares jumped to the highest in more than five years after it said ful...
Hallenstein, worst-performing stock on NZX 50 this year, raised to buy from hold at Craigs
By Tina Morrison Feb 26 (BusinessDesk) – Hallenstein Glasson Holdings, the worst performer on New Zealand’s benchmark NZX 50 Index this year, was upgraded to ‘buy’ from ‘hold’ by brokerage Craigs Investment Partners, which said weakness in the stock has been overplayed. Shares...
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