** Jefferies downgrades Australia's Hub24 HUB.AX to 'underperform' from 'hold'
** Brokerage says the risk-reward profile of the investment services co is 'no longer compelling', highlights shares trading nearly 16% above price target
** Believes upside to be limited at current levels with share price having gained over 19% since beginning of June
** However, brokerage raises price target to A$84.00 from A$80.00 after co posted record Q4 net inflows, while reporting a 34% increase in platform funds under administration
** Shares of co up 44.5% YTD after hitting record high on Tuesday
** 16 analysts rated 'hold' on avg; their median PT is A$84.00, per LSEG-compiled data
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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