Australia's Transurban slips to over 1-month low; Citi sees headwinds subside

Shares of Transurban TCL.AX slip as much as 1.6% to A$14.42, hitting their lowest level since November 4

Stock among top losers in the ASX industrials .AXNJ sub-index, which is down 0.8%

Citi sees low headwinds for toll road operator as Westgate tunnel project opens

Citi sees upside from higher prices and a "better than market expected outcome on cost optimization."

Brokerage says longer-term growth for co should come from project wins, sees potential for winning of Gateway upgrade as part of Olympics work in Brisbane

Citi "buy" rated on stock with a A$16.10 price target

All but one of 13 analysts rated "hold" on shares; just one "buy" rated, as per LSEG-compiled data

Stock up 7.9% YTD, including the day's moves