Australia's Dalrymple Bay Infrastructure gains following refinancing, Morgans hikes PT

▤ Summary

** Shares of Dalrymple Bay Infrastructure DBI extend gains; up as much as 5.3% at A$4.78, biggest intraday pct gain since April 23** Co earlier in the week announced financial close of new loan facilities totaling A$1.07 billion ($709.73 million)** Morgans notes that refinancing indicates cos cost of new debt reduced dramatically** Hikes price target to A$5.10 from A$4.73 on assumptions of lower cost of capital, rated "Accumulate"** 5 of six analysts rated "Buy" or higher on shares and one recommends to "Hold"; median PT of A$5.03 - data compiled by LSEG

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