ASB – Macquarie rates the stock as Outperform

By Broker News | More Articles by Broker News

Austal’s inclusion in the US Navy’s Umanned Surface Vessel program is a major win for the company, the broker suggests, ensuring Austal remains a relevant shipbuilder for the US Navy as it pivots towards unmanned vessels.

Austal is in a prime position, the broker believes, to win the shipbuilding component of the LUSV (large) contract expected this year.

Outperform and $4.75 target retained.

Sector: Capital Goods.

Target price is $4.75.Current Price is $4.09. Difference: $0.66 – (brackets indicate current price is over target). If ASB meets the Macquarie target it will return approximately 14% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →