0329 GMT - Suncorp's first-half results should be strong enough to support the stock's recent strong momentum, Citi analyst Nigel Pittaway says. Citing the positive impact of benign weather on Suncorp's insurance margin, Pittaway projects Suncorp to report an estimated A$165 million of favorable variance. This is unlikely to affects its full-year underlying margin guidance, he says in a client note. He lifts his annual EPS forecast by 5% but maintains his preference for IAG and QBE over Suncorp. Citi stays neutral on Suncorp and lifts its target price on the stock by 7.3% to A$19.90. Shares are up 0.6% at A$19.70. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 19, 2025 22:29 ET (03:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。