Transurban Group's gross average daily traffic data rose 12.9% in the March quarter, the company posting strong growth across most geographies.

Meanwhile, Morgan Stanley observes management has confirmed it is considering selling a controlling interest in EastLink, and expects the government's toll relief plan will prove benign.

Equal Weight rating and $14.15 target price retained.

Sector: Transportation.

Target price is $14.15.Current Price is $14.74. Difference: ($0.59) - (brackets indicate current price is over target). If TCL meets the Morgan Stanley target it will return approximately -4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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