MARKET TALK: UBS Raises Transurban To Buy 17/05/06 09:50:00+
0950 [Dow Jones] STOCK CALL: UBS upgrades Transurban (TCL.AU) to Buy from Neutral and says canceling of A$2.9 billion of concession notes with Victorian state government and agreement to jointly fund upgrades and improvements to West Gate-City Link-Monash Freeway corridor, "look entirely sensible and value accretive to us." Lifts 12-month price target to A$7.84 from A$7.61. TCL last A$6.70. (WEL)
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