2242 GMT - Bravura Solutions' latest guidance upgrade should be well received by investors given how swiftly it follows the last, E&P analyst Olivier Coulon says. He tells clients in a note that he expects the Australian software developer's shares to outperform even though its first-half underlying profit fell short of forecasts. Coulon points out that the improved earnings guidance range is 12% higher at the midpoint than that issued by the company only in December. The latest upgrade appears to be at least partly revenue led, he adds. E&P has a positive rating and A$2.21 target price on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 17:42 ET (22:42 GMT)
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