2339 GMT - Debt servicer Pioneer Credit keeps its bull at Shaw & Partners amid expectations that it can maintain its current level of purchases. Analyst Larry Gandler calls the Australian debt-servicing market an oligopoly, and reckons that the A$90 million investment that Pioneer has guided for fiscal 2025 looks sustainable. He tells clients in a note that Pioneer's first-half cost management was stronger than he had expected, with employee expenses down 4%. Shaw & Partners maintains a buy rating and A$0.80 target price on the stock, which is up 1.1% at A$0.47. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 18:39 ET (23:39 GMT)
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