Morgan Stanley believes the market has priced in the dilution from the equity raising in April but has overlooked the potential upside from deploying capital to grow asset services. The broker believes the market is missing the opportunity for Link to build a leading European asset servicing franchise.
Overweight rating and $9.00 target. Industry view is In-Line.
Sector: Software & Services.
Target price is $9.00.Current Price is $7.54. Difference: $1.46 – (brackets indicate current price is over target). If LNK meets the Morgan Stanley target it will return approximately 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).