Goodman Group
GMG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @m | LOCK|Hr!%J | LOCK|n$l<GJ&P |
Goodman Group: Fair Value Raised 13% to AUD 27 on Coverage Transfer; Narrow Moat Rating Maintained
We lift our fair value estimate for Goodman to AUD 27 per security from AUD 24, on transfer of coverage to a new analyst. The increase is primarily driven by a lower weighted average cost of capital assumption and our updated outlook for Goodman’s development pipeline.
