AMP Still Poised to Grow Despite Loss of Bull -- Market Talk

Dow Jones

2025/07/22

0144 GMT - AMP loses its bull at Jefferies but still looks positioned for growth, according to the investment bank's analysts. They tell clients in a note that the Australian wealth manager's 2Q result was solid, but lower their recommendation to hold from buy on the stock's 40% rally over the past month. They see clear evidence that growth is returning to AMP's platform and superannuation businesses, and feel positive about the ASX-listed company's lifetime and retirement solutions. Jefferies lifts its target price 16% to A$1.80. Shares are down 0.6% at A$1.675. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 21:44 ET (01:44 GMT)

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They tell clients in a note that the Australian wealth manager's 2Q result was solid, but lower their recommendation to hold from buy on the stock's 40% rally over the past month. They see clear evidence that growth is returning to AMP's platform and superannuation businesses, and feel positive about the ASX-listed company's lifetime and retirement solutions. Jefferies lifts its target price 16% to A$1.80. Shares are down 0.6% at A$1.675. 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