Citi expects Australia's NRW Holdings to post strong first-half results, lifts TP

Citi expects Australia's NRW Holdings NWH.AX to deliver solid first-half results

Says robust order book, active tender balance, and growth across every segment to help co post strong earnings

Sees NWH's first-half revenue to come largely inline with Visible Alpha consensus

"We would not be surprised if NRW upgrades its revenue and earnings guidance next month" - Citi

Brokerage cautions rain could pose risks to co but says co's mining operations are not near affected areas

Maintain "buy" rating, hikes target price to A$6.20 per share

Stock gained over 30% in 2025