** Citi raises price target on Australia's QBE Insurance Group QBE.AX to A$26.10, retains "buy" rating
** Brokerage is optimistic that the insurer will deliver a strong first-half result after the company confirmed in May that it was on track to meet the group's combined operating ratio expectation of about 92.5% for FY25
** If QBE achieves strong 1H result, it should lead to further share price advance as it continues to demonstrate lower volatility - Citi
** Citi also expects continued momentum in QBE's revenue, helped by foreign exchange tailwinds and strong investment returns
** Brokerage raises its estimate of earnings per share for QBE by 2% for fiscal years 2025-2027, incorporating mark-to-market, foreign exchange and other small changes
** Eight of 12 analysts rate the stock "buy" or higher, three "hold", and one "sell"; their median PT is A$25.00, according to data compiled by LSEG
** Stock is up 18.1%, YTD
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。