Asur price target raised to $280 from $222 at Citi

Citi analyst Stephen Trent raised the firm’s price target on Asur to $280 from $222 and keeps a Sell rating on the shares following Asur announcing its 2024 Master Development Plan last week with no apparent changes to the regulatory regime and higher tariffs/capex. However, the positive move now appears “more than priced in,” the analyst tells investors.