0210 GMT - AMP's latest buyback announcement is seen by its bull at Macquarie as limiting any downside volatility for the stock. Maintaining an outperform rating on the stock, one of the investment bank's analysts tells clients in a note that the Australian wealth manager's A$150 million on-market buyback shows board and management have taken on investor feedback. The analyst thinks that the capital management initiative should allay any concerns that AMP might be tempted to embark upon transformational M&A. Macquarie lifts its target price 8.9% to A$1.96. Shares are up 1.65% at A$1.3875. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 12, 2026 22:10 ET (02:10 GMT)
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