Australia's Goodman extends losses after dour outlook; UBS cuts PT

Reuters
2025.11.06 02:44
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Goodman Group shares fell 1.8% to A$30.66, marking their lowest level since May 14. The company anticipates 9% operating EPS growth for FY26, down from 9.8% in FY25, amid subdued industrial project commencements. UBS cut its price target to A$36.41 from A$36.63, citing disappointing updates on data centre progress, but upgraded its rating to "buy" from "neutral" due to recent stock underperformance. Year-to-date, the stock is down 13.8%.

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