** Analysts at Citi recommend "buy" rating on Australia's Perpetual PPT.AX and Challenger CGF.AX as the stocks are inexpensive
** Perpetual, an asset manager, has been looking to sell its wealth management business, which brokerage flags should attract a sufficient amount to reduce debt significantly
** Says the midpoint of FY25 earnings outlook for Challenger, a fund manager, is achievable and its return on equity target is within reach
** Cost control looks strong and we also believe the stock is not particularly expensive, says Citi for Challenger
** Brokerage also expects some sources of potential upside with stock transfer co, Computershare CPU.AX, including an ongoing pickup in debt issuance and the continuation of buoyant transactional activity
** However, CPU's share price has rallied strongly of late and we therefore see the stock as fully valued - Citi
** Rates CPU "neutral" and has A$40.90 PT
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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