2346 GMT - Macquarie's bulls at Jarden caution that the announcement of a new CEO could herald further executive changes at the Australian financial group. Jarden's analysts keep a buy rating on the stock, but warn clients that the promotion of bank head Greg Ward to replace longstanding CEO Shemara Wikramanayake could take some time to be digested by the market. Macquarie'sability to promote from within--to "grow its own timber," as the analysts call it--is seen as a strength at Jarden, but does mean Macquarie will need at least a new head of banking and financial services. Jarden has an unchanged target price of 250.00 Australian dollars on the stock. Shares are at A$253.75 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 19:46 ET (23:46 GMT)
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