IAG's Guidance Upgrade Means Little to Bull -- Market Talk

Dow Jones

Oct 24

2325 GMT - Insurance Australia Group's bull at Citi says the company's guidance upgrade was already factored into his forecasts and those of his peers. Analyst Nigel Pittaway points out in a note to clients that IAG's upgrade on the acquisition of RACQ Insurance doesn't change its outlook. His forecasts also reflect the acquisition of RAC in Western Australia state, despite skepticism among some analysts that competition regulators will allow the deal to pass. On that basis, he says IAG is trading at a discount to rival Suncorp, which he reckons is hard to justify. Citi keeps a "buy" rating and A$10.00 target price on the stock, which is up 0.75%, at A$8.04. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 23, 2025 19:25 ET (23:25 GMT)

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Analyst Nigel Pittaway points out in a note to clients that IAG's upgrade on the acquisition of RACQ Insurance doesn't change its outlook. His forecasts also reflect the acquisition of RAC in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> state, despite skepticism among some analysts that competition regulators will allow the deal to pass. On that basis, he says IAG is trading at a discount to rival Suncorp, which he reckons is hard to justify. Citi keeps a \"buy\" rating and A$10.00 target price on the stock, which is up 0.75%, at A$8.04. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2025 19:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IAG's Guidance Upgrade Means Little to Bull -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIAG's Guidance Upgrade Means Little to Bull -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-24 07:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2325 GMT - <a href=\"https://laohu8.com/S/IAUGF\">Insurance Australia</a> Group's bull at Citi says the company's guidance upgrade was already factored into his forecasts and those of his peers. Analyst Nigel Pittaway points out in a note to clients that IAG's upgrade on the acquisition of RACQ Insurance doesn't change its outlook. His forecasts also reflect the acquisition of RAC in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> state, despite skepticism among some analysts that competition regulators will allow the deal to pass. On that basis, he says IAG is trading at a discount to rival Suncorp, which he reckons is hard to justify. Citi keeps a \"buy\" rating and A$10.00 target price on the stock, which is up 0.75%, at A$8.04. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2025 19:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IAG","symbol_name":"IAMGOLD Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577558290","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577558290","pubTimestamp":1761261900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2325 GMT - Insurance Australia Group's bull at Citi says the company's guidance upgrade was already factored into his forecasts and those of his peers. Analyst Nigel Pittaway points out in a note to clients that IAG's upgrade on the acquisition of RACQ Insurance doesn't change its outlook. His forecasts also reflect the acquisition of RAC in Western Australia state, despite skepticism among some analysts that competition regulators will allow the deal to pass. On that basis, he says IAG is trading at a discount to rival Suncorp, which he reckons is hard to justify. Citi keeps a \"buy\" rating and A$10.00 target price on the stock, which is up 0.75%, at A$8.04. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"IAG":"IAMGOLD Corp"},"translate_title":"IAG的指引升级对牛市意义不大——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IAG":1.5},"content_text":"2325 GMT - Insurance Australia Group's bull at Citi says the company's guidance upgrade was already factored into his forecasts and those of his peers. Analyst Nigel Pittaway points out in a note to clients that IAG's upgrade on the acquisition of RACQ Insurance doesn't change its outlook. His forecasts also reflect the acquisition of RAC in Western Australia state, despite skepticism among some analysts that competition regulators will allow the deal to pass. On that basis, he says IAG is trading at a discount to rival Suncorp, which he reckons is hard to justify. Citi keeps a \"buy\" rating and A$10.00 target price on the stock, which is up 0.75%, at A$8.04. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 23, 2025 19:25 ET (23:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}