2237 GMT - Beforepay's bull at Shaw & Partners wants to see more data from the salary advance provider's new pilot before judging whether management's optimism is warranted. The most that analyst Larry Gandler can say for now is that Beforepay's move to offer larger loans over longer periods should be at least neutral for margins. He tells clients in a note that more transactions are needed to draw firm conclusions about the product's performance. Shaw & Partners keeps a buy rating and A$2.15 target price on the stock, which is at A$1.285 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 17:37 ET (22:37 GMT)
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