0134 GMT - Netwealth keeps its neutral rating at Macquarie despite the investment bank's analysts moderating their EPS forecasts for the Australian wealth platform. Citing market volatility and slightly softer flow assumptions, the Macquarie analysts trim their fiscal 2025 EPS forecast by 1%, but push through cuts of 11%-13% for subsequent years on more moderate long-term growth assumptions. Even so, they tell clients in a note that the outlook should be supported by Netwealth's strong pipeline of new business. Macquarie cuts its target price 16% to A$28.40. Shares are up 0.4% at A$25.55. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 13, 2025 21:34 ET (01:34 GMT)
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