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UBS analyst Tom Bodor has upgraded Goodman Group from Neutral to Buy, setting a new price target of AUD 36.00, down from AUD 36.80. This decision follows an analysis of the company's development pipeline and financing strategies, particularly after a recent $4 billion equity raise.Bodor addressed concerns regarding the capital needed for Goodman Group's ambitious data center strategy, suggesting that development joint ventures could significantly reduce financing needs. Despite a slight reduction in operating earnings per share and price target, he remains optimistic about the company's potential for medium-term growth, estimating a possible upside of 44% if demand for data centers continues to rise.
Following Donald Trump's election victory, US stocks surged, with the S&P 500 closing above 6000 points and banking stocks seeing significant gains. Trump's protectionist policies are expected to benefit small businesses and the cryptocurrency sector, with bitcoin reaching over $87,000. However, concerns over renewed US-China trade tensions arise as Trump threatens tariffs, prompting mixed expert opinions on the potential for a trade war.
Tom Bodor
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ubs upgrades goodman group to buy with target price of aud 36
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