BUZZ-Australia's Propel Funeral Partners falls despite Macquarie hiking PT

Reuters

2025/02/11

BUZZ-Australia's Propel Funeral Partners falls despite <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hiking PT

** Shares of Propel Funeral Partners <PFP.AX> fall 1% to A$5.9

** Macquarie flags lower-than-expected deaths reported in birth, death, and marriage $(BDM.AU)$ records for the half-year

** However, brokerage hikes price target on stock to A$7.15 from A$7.00, saying it expects co to ramp up acquisitions in CY25

** Also believes co has sufficient capacity to fund acquisitions; retains 'outperform' rating

** Four analysts rate the stock "buy", 2 "hold"; their median PT is A$6.30, according to data compiled by LSEG

** Stock rose 13.8% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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fall 1% to A$5.9 </p><p>** Macquarie flags lower-than-expected deaths reported in birth, death, and marriage <a href=\"https://laohu8.com/S/BDM.AU\">$(BDM.AU)$</a> records for the half-year</p><p>** However, brokerage hikes price target on stock to A$7.15 from A$7.00, saying it expects co to ramp up acquisitions in CY25</p><p>** Also believes co has sufficient capacity to fund acquisitions; retains 'outperform' rating</p><p>** Four analysts rate the stock \"buy\", 2 \"hold\"; their median PT is A$6.30, according to data compiled by LSEG</p><p>** Stock rose 13.8% in 2024</p><p> (Reporting by Nichiket Sunil in Bengaluru)</p><p> ((Nichiket.Sunil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7120","symbol_name":"特殊消费者服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250211:nL4N3P203W:1","article_id":"2510828962","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510828962","pubTimestamp":1739245819,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Propel Funeral Partners falls despite Macquarie hiking PT** Shares of Propel Funeral Partners <PFP.AX> fall 1% to A$5.9 ** Macquarie flags lower-than-expected deaths reported in birth, death, and marriage  records for the half-year** However, brokerage hikes price target on stock to A$7.15 from A$7.00, saying it expects co to ramp up acquisitions in CY25** Also believes co has sufficient capacity to fund acquisitions; 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