Lendlease Group

( ASX:LLC ) - Real Estate



Analyst Views

LLC – Morgan Stanley rates the stock as Overweight

Morgan Stanley found the AGM update was a net positive with additional disclosure on underperforming Engineering projects, reconfirmation of projected sale proceeds and capacity to complete buyback all cited. But the analysts also acknowledge provisions for new engineering projects could temper re-rate with some investors fearing further losses from that one troubled division.

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