Citi boosts PT for Australia's NRW Holdings after FY26 revenue forecast upgrade

Brokerage Citi lifts price target on Australia's NRW Holdings NWH.AX to A$5.95 from A$5.50

The diversified contract services provider on Thursday lifted its FY26 revenue forecast to A$4.1 billion ($2.68 billion) from A$4 billion previously guided

Citi forecasts revenue and EBITA of A$4.1 billion and A$262 million in FY26

Brokerage says NRW's conservative guidance factors in potential wet weather, but sees upside risk given solid start to year and favourable operating conditions

Nine of 10 analysts rate the stock "buy" or higher, one "hold"; their median PT is A$5.08, according to data compiled by LSEG

Stock has risen 38% this year, as of last close

($1 = 1.5316 Australian dollars)