Citi Raises Dalrymple Bay Target to A$6.10

Citi raised Dalrymple Bay Infrastructure's price target to A$6.10, keeping a buy rating.
Company forecasted FY distribution of 28.62 Australian cents per share for year starting July 1, an 8.5% rise YoY.
First‑quarter distribution declared at 6.750 Australian cents per share, matching its earlier forecast.
DBI shares have risen 9.6% year‑to‑date, reflecting positive market sentiment.