NRW Holdings Bull Lauds Improved Earnings Visibility

Dow Jones
Jun 30

0347 GMT - Euroz Hartleys raises its price target on engineering contractor NRW Holdings by 18% to A$8.50/share, citing an increasing number of contract wins across multiple sectors. These wins make future earnings easier to predict, analyst Gavin Allen says. "We continue to expect further contract conversion across NRW's A$2.5 billion civil tender pipeline, particularly within Western Australia infrastructure, defense and urban projects," Euroz Hartleys says. Meantime, opportunities in other divisions remain strong, with Euroz Hartleys noting the buildout of data centers and more spending on defense. It keeps a buy call on NRW, which is up 3.2% at A$7.45. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 29, 2026 23:47 ET (03:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10