Policy uncertainty unusually elevated for Aussie infrastructure firms, says MS
** Analysts at Morgan Stanley deduce that policy uncertainty is unusually elevated for Australian infrastructure firms
** Prefers toll road-operator Atlas Arteria ALX.AX and New Zealand's largest airport Auckland International AIA.NZ among Aussie and New Zealand infrastructure companies
** Brokerage awaits for the French budget bill 2025 in late September and will look for potential changes to the country's infrastructure and corporate tax rates affecting ALX's operations
** Morgan Stanley says Transurban Group TCL.AX, another major player in the toll-road business in Australia, should focus on traffic growth in Brisbane and U.S. to offset the construction disruptions in New South Wales
** Await outcomes of the NSW Toll Renegotiation, where NSW toll road investors are seeing in principle agreement by the end of 2024, says brokerage in respect of TCL's NSW operations
** Atlas Arteria currently up 0.9% while Transurban slips 0.3%
** NZ shares of Auckland Airport fall 0.5%
Reporting by Rishav Chatterjee in Bengaluru
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