0202 GMT - Platinum Investment Management's merger talks with L1 Capital are positive for the Australia-listed financial group, Bell Potter analyst Marcus Barnard says. He tells clients in a note that a combination would offer benefits of scale and diversify the range of strategies and distribution channels open to Platinum. There are potential cost synergies, but Barnard wants more clarity on these and growth prospects before making any changes to his forecasts or valuation. Bell Potter has a hold rating and a target price of A$0.58 on the stock, which is up 7.1% at A$0.68. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 22:02 ET (02:02 GMT)
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