Computershare's New Bear Sees Margin-Income Risks -- Market Talk

Dow Jones

2025/07/14

0059 GMT - Risks to Computershare's margin income lure a new bear to the share-registry provider. Analyst Andrei Stadnik lowers his recommendation on the stock to underweight from equal-weight, telling clients in a note that downside risks to balances combined with lower interest rates will put pressure on margin income. He points out that margin income has delivered more than 70% of the Australia-listed company's pre-tax profit since FY 2023. Stadnik forecasts an 8% on-year fall in FY 2026 margin income, prompting him to look elsewhere for better earnings growth. MS lowers its target price 2.6% to A$33.70. Shares are down 2.8% at A$39.68. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 13, 2025 20:59 ET (00:59 GMT)

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Analyst Andrei Stadnik lowers his recommendation on the stock to underweight from equal-weight, telling clients in a note that downside risks to balances combined with lower interest rates will put pressure on margin income. He points out that margin income has delivered more than 70% of the Australia-listed company's pre-tax profit since FY 2023. Stadnik forecasts an 8% on-year fall in FY 2026 margin income, prompting him to look elsewhere for better earnings growth. MS lowers its target price 2.6% to A$33.70. Shares are down 2.8% at A$39.68. 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