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Forbar downgrades Port of Tauranga to ‘underperform’

The increasing competitiveness of Port of Auckland has lowered Forsyth Barr's medium-term expectations for the company.

Tauranga Container Terminal 2.

Investment firm Forsyth Barr has slapped an ‘underperform’ rating on Port of Tauranga, after the NZX-listed port company posted a downbeat trading update last week. 

At the company’s annual shareholders meeting last Friday, it notified the market that freight volumes were down 9% to 5.8

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Forbar downgrades Port of Tauranga to ‘underperform’
Investment,
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