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BUZZ-UBS raises PT for Australia's Computershare on yields, outlook; shares up

Reuters
07-08
BUZZ-UBS raises PT for Australia's Computershare on yields, outlook; shares up

** UBS hikes price target for Computershare CPU.AX to A$40.00 from A$38.70 on higher yields and market valuation changes; retains 'sell'

** Brokerage hikes earnings per share outlook for FY27 on current interest rate futures market expectations and foreign exchange movements to June 30

** Shares edge up 0.5% at A$40.34, in line with the broader tech sub-index's .AXIJ gains, which is up 0.9%

** Analysts rate share "hold" on average; their median PT is A$38.35 – data compiled by LSEG

** YTD, CPU up 18.8%

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))

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