LNK - Morgans rates the stock as Add
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Link's result was above consensus, driven by a strong initial performance from Link Asset Services and a standout result from IDDS, the broker notes.
On the weak side, softer revenue trends in several businesses were evident, but the broker does not see this as all bad news. Synergy assumptions lead to Link's forward PE dropping off rapidly in coming years, implying increasing value at today's price. Add retained, target rises to $9.50 from $9.04.
Sector: Software & Services.
Target price is $9.50.Current Price is $8.52. Difference: $0.98 - (brackets indicate current price is over target). If LNK meets the Morgans target it will return approximately 10% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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