2345 GMT - Generation Development Group's strong December quarter helps keep Morgan Stanley analysts bullish on the Australian funds manager. GDG's funds under management were stronger than forecast by the MS analysts, who write in a note that they see three potential positive catalysts for the stock. First of all, they reckon that GDG is well-placed for inclusion in the S&P/ASX 300 stock index, which would increase its visibility to investors and introduce it to more index-linked portfolios. They also see potential for further accretive M&A, and the acceleration of net inflows. The latter is the most important driver of share price, they add. MS lifts its target price 3.2% to A$4.90 and reiterates its buy rating. Shares are down 0.2% at A$4.31. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 27, 2025 18:45 ET (23:45 GMT)

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