0212 GMT - COG Financial's bull at Bell Potter is starting to feel a little cautious following the stock's recent ascent. Shares have more than doubled in value in 2025, and analyst Hayden Nicholson tells clients in a note that they are close to reflecting the insurance broker's capital efficiency. COG's latest acquisition looks strategically low risk to Nicholson, who expects the Australian company to continue benefiting from industry consolidation. Bell Potter raises its target price on the stock by 20% to A$2.70 and maintains a buy rating. Shares are down 1.25% at A$2.37. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 12, 2025 22:12 ET (02:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.