MAP Distributions May Rise - ABN AMROTuesday, May 03, 2005 0:03:32 AM ET
Dow Jones Newswires
1348 [Dow Jones] STOCK CALL: ABN AMRO believes further earnings upgrades are in store for Macquarie Airports (MAP.AU) portfolio of airports (Brussels, Sydney particularly) which could lead to higher distributions from MAP. Brussels is undergoing "MAP makeover," and based on Sydney's strong performance post acquisition by MAP, the airport could be firing on all cylinders in thrid year after transaction. "As such, we believe Brussels will continue to outperform." Keeps Add recommendation, A$3.71 price target; stock down 2 cents at A$3.42. (WES)
Contact us in Sydney. 61 2 8235 2950;
[email protected]
(END) Dow Jones Newswires
May 02, 2005 23:48 ET (03:48 GMT)
distributions may rise - abn amro
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