0443 GMT - The risk that central banks cut interest rates more aggressively than expected helps lure a new bear to share-registry provider Computershare.Goldman Sachs analyst Julian Braganza cuts his recommendation on the stock to sell from neutral, telling clients in a note that market pricing and probability-weighted outcomes are skewed toward steeper cuts than those forecast by GS economists. The Australia-listed company is sensitive to yields, with so-called margin income--cash held for dividends--a significant contributor to earnings. GS cuts its target price by 1.3% to A$37.50. Shares are down 1.9% at A$38.20. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 00:43 ET (04:43 GMT)
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