0026 GMT - Pinnacle's bull at Wilsons Advisory believes that its opportunity in Australia's managed-accounts market has yet to be fully priced into its stock. Analyst Cameron Halkett tells clients in a note that he has conviction in the medium-term EPS growth potential from managed accounts offered by Pinnacle affiliate Pacific Asset Management. He points to Life Cycle's strong performance since becoming an affiliate in Pinnacle's most recent fiscal half as evidence of the opportunity on offer. It's possible that Pinnacle could deliver more than A$100 million in gross performance fees in its fiscal second half, Halkett adds. Wilsons lifts its target price 9% to A$28.95 and stays overweight on the stock, which is down 1.7% at A$25.60. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 19:26 ET (00:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。