BUZZ-Morgan Stanley raises PT on Australia's Charter Hall on FY28 property AUM forecast

Reuters
Jun 02, 2025
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> raises PT on Australia's Charter Hall on FY28 property AUM forecast

** Shares of Charter Hall Group CHC.AX rise 1.7% to A$18.47

** Analysts at Morgan Stanley increase stock's price target to A$22.60 from A$20.00; maintain "Overweight" rating

** Brokerage says CHC's FY27 Property Assets Under Management (AUM) could rise to about A$89 bln, 12% above current visible alpha consensus

** Morgan Stanley says revised price target based on the assumption that Property AUM increases to about A$89 bln by FY28, factoring in a one-year delay to account for any potential lag in fundraising, others

** Three out of eight analysts rate the stock "Sell," two "Hold," and three "Buy"; median price target of A$17.15, as per data compiled by LSEG

** Stock up 27.9% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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