Jefferies has reiterated its “buy” rating forCordiant Digital Infrastructure Ltd (LSE:CORD), citing confidence in the growth potential of its core assets, Emitel and CRA.
Analysts pointed to the fund’s ability to generate earnings growth through reinvestment of cash flows and favourable shifts in revenue composition, which are expected to contribute to NAV growth over the coming year.
Turning to the broader market for alternative investment companies, Jefferies is cautiously optimistic as inflation stabilises near pre-2021 levels and bond yields remain relatively unchanged.
It predicts that changes in net asset values will largely be driven by asset-specific developments rather than macroeconomic shifts.
Cordiant shares were steady at 84p.