2338 GMT - Computershare loses another bull following the stock's recent strong rally on interest-rate curves. Citi analyst Nigel Pittaway tells clients that he is reluctant to cut his recommendation to neutral from buy given other sources of potential upside available to the stock, but that a pause in its ascent seems likely. He sees potential for M&A from Computershare's strong balance sheet and some optimism for activity in its corporate actions and debt issuance units. He writes in a note that the Australian share-registry provider's annual margin income should stay at about US$650 million-US$700 million even if rates fall. Citi raises its target price by 17% to A$35.00. Shares are down 1.6% at A$33.65. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 20, 2025 18:38 ET (23:38 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。