2334 GMT - Canaccord Genuity lifts its price target on metal-detection specialist Codan by 7.3% to A$40.28/share, but says this doesn't include the potential for any M&A. Analyst Cameron Bell muses about a A$400 million acquisition completed at a multiple of 10x Ebitda. Canaccord estimates this would boost Codan's FY 2026 EPS by a low double-digit percent. It would also leave Codan's net debt-to-Ebitda metric manageable at 1.4x, the bank says. "And if it translated to being valued by the market at half Codan's current PE multiple, it could add over A$2.00 per share to the share price," Canaccord says. Codan is up 0.8% at A$36.85. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 14, 2026 18:34 ET (23:34 GMT)

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