0042 GMT - Judo Capital's achievement in hitting its annual gross-loan target elicits a sigh of relief from Morgans analyst Nathan Lead. He tells clients in a note that the Australian business lender's A$12.465 billion gross-loan balance at June 30 should give investors increased confidence. Judo had guided for A$12.4 billion-A$12.6 billion. He points out that Judo recorded its largest-ever monthly rise in loan growth in June, but cautions against reading too much into it due to the seasonality of drawdowns. It's also positive that term deposits grew by more than loans, even if the balance fell short of expectations. Morgans keeps an accumulate rating and A$1.75 target price on the stock. Shares are down 0.5% at A$1.5075. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 31, 2025 20:42 ET (00:42 GMT)
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