Suncorp Looks Best Placed to Deliver Organic Growth -- Market Talk
Dow Jones
Sep 11
2327 GMT - Suncorp looks better placed than Australian insurance rival IAG to deliver the organic growth that investors are looking for, Morgan Stanley analysts say. They tell clients in a note that IAG's proposed acquisition of RACI in Western Australia state is unlikely to secure approval from the competition regulator, leaving the market more focused on organic growth. While they acknowledge that IAG is winning customers switching provider from Suncorp, they also think that Suncorp is taking customers from Allianz and other brands. MS keeps an "overweight" recommendation and A$25.00 target price on Suncorp's stock, which is at A$21.15 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 10, 2025 19:27 ET (23:27 GMT)
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