** Shares of Magellan Financial Group MFG.AX fall 8.6% to A$10.39, top loser on benchmark .AXJO
** Jarden downgrades stock to "underweight" from "neutral"; lowers PT to A$9.35 from A$10.25
** Brokerage forecasts 30% drop in infrastructure funds under management $(FUM.UK)$ over the next few years, citing previous FUM collapses and underperformance of infrastructure funds
** Adds, exit of Gerald Stack, founder of co's infrastructure head, is seen as a significant risk factor
** Stock fell as much as 9.8% earlier in the day, marking its worst intraday drop since early October 2023
** 7 of 9 analysts rate the stock "hold" and 2 "sell"; their median PT is A$10.25 – data compiled by LSEG
** Stock gained 19.8% last year
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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