SDA - Morgans rates the stock as Hold
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2017 results were in line with expectations. Management commentary has suggested there is upside risk to earnings in outer years should a prolonged oil & gas recovery continue. Morgans reduces FY18 and FY19 forecasts for earnings per share by -2%.
Integration of acquisitions to deliver clean results and de-leverage the balance sheet are the main risks in the broker's opinion. Hold rating maintained. Target reduced to $5.57 from $5.62.
Sector: Telecommunication Services.
Target price is $5.57.Current Price is $5.36. Difference: $0.21 - (brackets indicate current price is over target). If SDA meets the Morgans target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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