2358 GMT - Computershare loses its bull at Goldman Sachs following the stock's recent strong run. Analyst Julian Braganza remains cautiously optimistic about the share-registry provider's earnings growth prospects, but lowers his recommendation to neutral from buy after yield expectations and a strong U.S. dollar helped the stock rally 34% in the December quarter. His fiscal 2025 EPS forecast is slightly ahead of company guidance, but he tells clients in a note that the GS macro team expects the Australian dollar to strengthen through 2026. GS raises its target price 15% to A$35.50. Shares are down 1.8% at A$33.35. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 18:58 ET (23:58 GMT)
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