0011 GMT - Challenger's bull at Citi reiterates his buy rating on the stock despite risk that the Australian wealth manager's capital returns could disappoint more optimistic expectations. Analyst Nigel Pittaway tells clients in a note that he still sees medium-term upside from the prudential regulator's proposed changes to its capital settings. He concedes that the size and timing of any resulting capital returns from Challenger could fall short of some investors' hopes, but is comfortable with the thought that releases from changing asset allocation could potentially take several months. Citi keeps a A$10.25 target price on the stock, which is down 1.1% at A$9.01. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 07, 2025 19:11 ET (00:11 GMT)
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