0158 GMT - The certainty of death, if not taxes, supports Propel Funeral Partners' status as a key Australian equities pick for Morgan Stanley analysts. With geopolitics and tariffs roiling global equities, the MS analysts say that the funeral operator's defensive attributes are likely to be in demand following what they say was a volatile company reporting season. They point to its exposure to structural long-term growth from a growing population, an ability to raise prices at least in-line with inflation, and a lean operating structure with a track record of reinvestment. MS has an overweight rating and A$6.30 target price on the stock, which is down 1.0% at A$5.14. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 21:58 ET (01:58 GMT)
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