0357 GMT - Transurban's premium valuation seems justified by the toll-road operator's relatively stable cash flows and likely yield, Jarden analyst Tom Beadle says. He tells clients in a note that his forecast for a rise in five-year interest costs to A$1.31 billion reflects refinancing risks, but acknowledges that it's possible he's being conservative. He points out that Transurban has historically been proactive in refinancing debt when conditions are favorable, and that his forecast is above consensus. Jarden keeps a neutral rating on the stock and trims its target price by 0.7% to A$13.50. Shares are down 0.3% at A$14.48. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2026 22:57 ET (03:57 GMT)
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