Freightways（FRW.NZ）Still in neutral

ab 13 August 2024 Global Research and Evidence Lab Freightways Still in neutral Retain Neutral following recent re-rating with... FRW's short-term misvaluation has materially reduced following its re-rating of 20% over the last six weeks with expectations of earlier monetary easing lifting investor appetite in NZ cyclical stocks. Looking forward, FRW investment case is now reliant on a return to attractive (double-digit) earnings growth. While we expect EPS to lift in FY25e it is likely to be mostly contain ...