FleetPartners' Bull Sees Significance in Buyback -- Market Talk

Dow Jones

03/12

FleetPartners' bull at Canaccord Genuity sees its A$20 million buyback as significant for a couple of reasons. Analyst Andrew Hodge tells clients in a note that it signifies management's conviction in the Australian fleet manager's current performance and the trading multiple of its stock. He says it also provides a smoother transition following its previously announced change in capital-management strategy, from primarily buybacks to primarily dividends. Those dividends are likely to drive a stock re-rate over the next 12 months, Hodge adds. Canaccord Genuity keeps a buy rating and A$3.60 target price on the stock, which is up 0.4% at A$2.68. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 19:24 ET (23:24 GMT)

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Analyst Andrew Hodge tells clients in a note that it signifies management's conviction in the Australian fleet manager's current performance and the trading multiple of its stock. He says it also provides a smoother transition following its previously announced change in capital-management strategy, from primarily buybacks to primarily dividends. Those dividends are likely to drive a stock re-rate over the next 12 months, Hodge adds. Canaccord Genuity keeps a buy rating and A$3.60 target price on the stock, which is up 0.4% at A$2.68. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2026 19:24 ET (23:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7093","symbol_name":"消費信貸","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618974430","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618974430","pubTimestamp":1773271440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FleetPartners' bull at Canaccord Genuity sees its A$20 million buyback as significant for a couple of reasons. 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