2337 GMT - Aussie Broadband gets a new bull at Macquarie, where analysts flag the stock as a defensive play amid rising inflation and interest-rate hikes. Raising its recommendation to outperform from neutral on the stock's recent weakness, the investment bank publishes a note highlighting what its analysts call the challenger telco's compelling value proposition. They point out that Aussie Broadband appears to have been unaffected by incumbent Telstra's November price cuts. The stock appears to be undervalued given the company's growth outlook, but Superloop remains their preferred pick due to the superior quality of its earnings growth outlook. Macquarie keeps a A$5.30 target price on Aussie Broadband shares, which are up 2.5% at A$4.88. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 19:37 ET (23:37 GMT)
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