BUZZ-Macquarie cuts Aussie FleetPartners' PT; asset growth seen as key driver

Reuters
Nov 27
BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> cuts Aussie FleetPartners' PT; asset growth seen as key driver

** Macquarie nudges FleetPartners' FPR.AX price target down 2.5% to A$3.59, citing share count adjustments and a valuation roll-forward

** Vehicle leasing firm's FY25 NPATA, reported in mid-November, was ~7% beat vs MRE forecasts

** Macquarie sees asset growth as the key driver ahead, with margins now largely holding steady

** YTD stock up 8.2% as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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