Channel Infrastructure: Channel Check
Mixed news since Channel Infrastucture's (CHI) FY22 result has combined to lower our target price -4cps (-2.5%) and pull back our rating to NEUTRAL from OUTPERFORM; The main driver of the modest downgrade is a lower producer price index (PPI) outcome in the March 2023 quarter and lower RBNZ inflation expectations than previously assumed
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Forsyth Barr
New Zealand Professional Investment Services Firm
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- Channel Infrastructure: Channel Check21 Jun 2023
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