AMP Steadying, But Not Yet Enough to Win Over Macquarie -- Market Talk

Dow Jones

2025/01/09

2347 GMT - AMP's underlying business is beginning to show signs of stabilizing amid a so-called simplification spree by management, Macquarie analysts say. However, the analysts say they "need a longer track record of execution before becoming more bullish on the stock." Macquarie's target on AMP goes to A$1.70 from A$1.34, but it keeps a neutral rating on the stock. AMP is down 1.5% at A$1.62. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 08, 2025 18:47 ET (23:47 GMT)

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However, the analysts say they \"need a longer track record of execution before becoming more bullish on the stock.\" Macquarie's target on AMP goes to A$1.70 from A$1.34, but it keeps a neutral rating on the stock. AMP is down 1.5% at A$1.62. 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