Downer EDI re-affirmed 13% EPS earnings growth, which looks attractive against an average market growth rate of 5 – 7 %.
Macro conditions remain positive in DOW’s key markets across education, health, mining road & rail transport.
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Based on FY20 EPS growth we now have DOW on a forward yield of 4.4%.
Internal momentum indicators are pointing higher and we see scope for an upside move into the $7.80/90 range.
Downer EDI
