Originally Posted by
King1212
[FONT="]NZX-listed fleeting tracking company Eroad is ready to hit the road, according to Jarden.
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[FONT="]The wealth manager maintained its "outperform" rating following Eroad's full-year earnings on Friday, and upgraded its 12-month target price from $3.40 to $4.49.
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[FONT="]Jarden analysts Wassim Kisirwani and Wilson Wong say Eroad's current valuation is "punitive" and based on historic issues.
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"The business is significantly lower risk than it was five years ago, and with its market value [$221m] largely unchanged, we see a compelling investment case" the pair say.