BUZZ-Bell Potter lifts PT for Australia's Regal Partners as FUM rises

Reuters
10/16
BUZZ-Bell Potter lifts PT for Australia's <a href="https://laohu8.com/S/RPL.AU">Regal Partners</a> as FUM rises

** Analysts at Bell Potter raise price target for Australia's Regal Partners RPL.AX to A$4.40 from A$4.10; reiterates "buy" rating

** Bell Potter says RPL has exceeded their expectations as this was one of the strongest quarters for the company since its merger with VGI three years ago

** Boutique asset manager on Wednesday posted rise in funds under management to A$20 billion ($13.02 billion) as of September-end

** Brokerage increases Regal Partners' EPS forecast for FY25, FY26 and FY27 by 13.9%, 5.1% and 4.7%, respectively

** RPL up 2.7%, bringing YTD losses to 9.1%

($1 = 1.5359 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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