0059 GMT - Perpetual gets upgraded to buy from neutral at UBS, where analysts think that the stock is oversold despite the potential for management to unlock value through divestments. With the investment manager looking to divest its wealth and corporate businesses, the investment bank's analysts tell clients in a note that Perpetual would de-gear its balance sheet proceeds from a wealth sale. There is an active sale process on the unit, they add. The stock is trading at 10 times UBS's FY 2026 EPS forecast, which the analysts think undervalues the business on a sum-of-the-parts basis. UBS raises its target price 18% to A$22.50. Shares are up 10% at A$20.40. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 20:59 ET (00:59 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。