Market Chatter: AMP Shares May Outperform Despite Legal Overhang, Market Uncertainty, Citi Says

MT Newswires Live

Apr 22, 2025

AMP (ASX:AMP) shares may outperform despite a pending superannuation class action due to start in late May and broader market uncertainty, according to a Tuesday report by the Australian, citing Citi.

Citi analyst Nigel Pittaway noted that while equity market volatility poses risks of outflows and declining fees, AMP's March quarter flows were generally positive.

AMP has pulled back significantly since its January highs, suggesting a potential value opportunity despite uncertainty around the timing of a recovery, Pittaway added.

Citi upgraded AMP's rating to buy but lowered its price target to AU$1.30.

The article also reported that Goldman Sachs and JP Morgan upgraded AMP to a buy or equivalent rating.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMP","symbol_name":"阿莫斯莱斯金融","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529649043","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529649043","pubTimestamp":1745285922,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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