BUZZ-Australia's Computershare falls after Morgan Stanley downgrades to 'underweight'
Reuters
Jul 14, 2025
BUZZ-Australia's Computershare falls after <a href="https://laohu8.com/S/MTK">Morgan Stanley</a> downgrades to 'underweight'
** Shares of Computershare CPU.AX fall as much as 4.7% to A$38.92, their lowest level since May 22
** Stock logs biggest intraday pct loss since May 2
** Morgan Stanley downgrades stock to 'underweight' rating from 'overweight'; cuts PT to A$33.70 from A$34.60 and
** Brokerage sees limited EPS growth beyond FY25, with further buybacks at its August result are unlikely given tax inefficiencies
** Morgan Stanley expects margin income to fall 8% yoy and Management EPS growth to moderate to +3% in FY26, with downside risks to margin balances
** Average rating of 11 analysts is 'hold'; their median PT is A$38.35 – according to data compiled by LSEG
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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