0306 GMT - Challenger's bulls at Macquarie keep an outperform rating on the Australian wealth manager. The investment bank's analysts still see value even though the stock is trading at a 12-month forward earnings multiple of 13.8, 18% above its three-year average. They tell clients in a note that December-quarter visits to Challenger's online adviser portal were up 81% from a year earlier. With a positive correlation between visits and retail fixed-term sales, they hope for improved first-half retail sales that would benefit margins. Macquarie raises its target price 7.5% to A$10.00. Shares are down 1.3% at A$9.195. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 22:06 ET (03:06 GMT)
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