Navigator Global's Solid Quarter Keeps Bull Happy

Dow Jones
07/21

0409 GMT - Navigator Global Investments keeps its bull at Morgans following another solid quarter for the alternative-asset manager. Keeping a buy rating on the stock, analyst Richard Coles acknowledges that growth in sequential ownership-adjusted assets under management moderated to 6% in the June quarter, from 9% three months earlier, but observes that this occurred against the backdrop of volatile global markets. Overall, he tells clients in a note that the Australian company is well placed to benefit from structural tailwinds in global alternative assets. Coles attributes the stock's recent selloff to sector-wide caution on private credit, rather than a change in fundamentals. Morgans cuts its target price 7.7% to 3.13 Australian dollars. Shares are up 1.1% at A$2.405. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2026 00:09 ET (04:09 GMT)

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

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10