Propel Funeral Partners Keeps Bull Despite Soft 1H -- Market Talk

Dow Jones

03/20

0019 GMT - Propel Funeral Partners keeps its bull at Bell Potter despite weaker-than-expected 1H revenue. The Australian funeral provider's average revenue per funeral was softer than analyst Chami Ratnapala had anticipated, but she retains a buy rating on factors including an ageing population. She sees the ageing of Australia's baby boomers as a sizeable volume catalyst from 2026 onwards. Ratnapala also flags the company's commentary regarding its M&A pipeline and views a trading update due in May as a potential share-price catalyst. Bell Potter cuts its target price 15% to A$15.00. Shares are down 0.6% at A$4.115. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 20:19 ET (00:19 GMT)

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