Morgan Stanley Keeps Buy on Tuas Ltd. With A$5.00 Price Target
Morgan Stanley kept Tuas Ltd. on a Buy rating and set a A$5.00 price target. The note cites Tuas’ latest quarterly results for the period ended Jan. 31: revenue of A$95.45 million and net profit of A$8.55 million, up from A$73.16 million revenue and A$3.02 million profit a year earlier. Analysts also show a Moderate Buy consensus with an A$5.00 average target.