Citigroup Upgrades Macquarie Airports To Buy
Thursday, August 25, 2005 9:18:19 PM ET
Dow Jones Newswires
1105 [Dow Jones] EARNINGS WATCH: Citigroup upgrades Macquarie Airports (MAP.AU) to Buy from Hold after yesterday's "solid" interim result, says highlight was upgrade to FY05 distribution to 20 cents and FY06 to 23 cents. Says completion of acquisition of Exeter airport in England and potential acquisition of Budapest airport main near-term catalysts for stock. Targets A$3.79, MAP latest flat at A$3.33. (LMF)
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(END) Dow Jones Newswires
August 24, 2005 21:04 ET (01:04 GMT)
citigroup upgrades map to buy
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