Sydney Airport continues to rise

Sydney Airport's share price continues to rise but this is one stock we don't want to let go of too easily.

Sydney Airport’s share price has increased 56% since we last upgraded the stock in Sydney Airport upgraded to Buy on 6 Dec 13 (Buy – $3.82) and is hovering around our previous Sell price of $6.00. Management expect dividends of 25.5 cents to be paid in 2015, for an unfranked forward yield of 4.3%. Overdue from the interim result, we’re increasing our price guide as we’re reluctant to let go of such a unique and high-quality asset: the Buy and Sell prices rise from $4.00 and $6.00, to $4.50 and $7.00 respectively. 

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