0127 GMT - Judo Capital keeps its bull at Jefferies despite questions over the Australian business lender's asset quality and risk settings. The stock tanked 40% on its guidance downgrade but Jefferies analyst Andrew Lyons points out that its revised outlook still implies annual underlying profit growth of about 30% over the two years to fiscal 2027. At a 40% discount to net tangible assets, Lyons maintains a buy rating on the stock. He tells clients in a note that the share-price reaction to the downgrade was severe. Valuation multiples now more than compensate investors for risks, he adds. Jefferies cuts its target price by 29% to 1.64 Australian dollars. Shares are down 1.4% at A$0.9025. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 25, 2026 21:27 ET (01:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.