1224 [Dow Jones] STOCK CALL: BBY keeps Buy rating on Macquarie Airports (MAP.AU), says even though stock has rallied 10%-plus in past month, still sees further upside. Points to organic growth, improving EBITDA margins in Europe and adjustments to Rome airport charges as key drivers of stock, along with capital management and refinancing initiatives. Targets MAP at A$4.20 vs latest A$3.56. (LMF)
Contact us in Sydney. 61 2 8235 2950; [email protected] (END) Dow Jones Newswires May 22, 2005 22:24 ET (02:24 GMT)
0913 [Dow Jones] STOCK CALL: Smith Barney cuts FY05 net profit forecast for Macquarie Airports (MAP.AU) by 17% to A$748 million and FY06 estimate by 12% to A$733 million after adjusting revaluation revenue forecasts for group's Sydney Airport in line with last reported valuation. Keeps stock at Buy, targets A$3.80 vs latest A$3.50, says recent tour of MAP's European and U.K. assets has reinforced bullish view on the stock. (LMF)
Contact us in Sydney. 61 2 8235 2950; [email protected] (END) Dow Jones Newswires May 22, 2005 19:13 ET (23:13 GMT)
MAP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
