Downer EDI is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The company reaffirmed FY20 net profit after tax guidance of $365m, which represents 7% growth on the same time last year.
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Dow trades on a forward yield of 3.7%.
We see value in accumulating the stock within the $7.50 – $8.00 price range.
