Pinnacle Bull Sees Scope for Further M&A -- Market Talk

Dow Jones

Feb 04

0009 GMT - Pinnacle's bull at Macquarie sees continued scope for accretive M&A following the Australian investment manager's acquisition of London-based Pacific Asset Management. The latest accretive acquisition further supports Pinnacle's international ambitions and leaves about A$110 million that could be directed at further deals, a Macquarie analyst writes in a note. The analyst tells clients that Pinnacle's 1H underlying profit was 2.3% stronger than they had forecast, driving EPS upgrades of up to 3% through FY 2029. Macquarie trims its target price 4.9% to A$25.25, reflecting factors including an updated discount rate, and maintains an outperform rating. Shares are up 4.4% at A$17.95. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 03, 2026 19:09 ET (00:09 GMT)

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The latest accretive acquisition further supports Pinnacle's international ambitions and leaves about A$110 million that could be directed at further deals, a Macquarie analyst writes in a note. The analyst tells clients that Pinnacle's 1H underlying profit was 2.3% stronger than they had forecast, driving EPS upgrades of up to 3% through FY 2029. Macquarie trims its target price 4.9% to A$25.25, reflecting factors including an updated discount rate, and maintains an outperform rating. Shares are up 4.4% at A$17.95. 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The latest accretive acquisition further supports Pinnacle's international ambitions and leaves about A$110 million that could be directed at further deals, a Macquarie analyst writes in a note. The analyst tells clients that Pinnacle's 1H underlying profit was 2.3% stronger than they had forecast, driving EPS upgrades of up to 3% through FY 2029. Macquarie trims its target price 4.9% to A$25.25, reflecting factors including an updated discount rate, and maintains an outperform rating. Shares are up 4.4% at A$17.95. (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  February 03, 2026 19:09 ET (00:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7062","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608381799","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608381799","pubTimestamp":1770163740,"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":"0009 GMT - Pinnacle's bull at Macquarie sees continued scope for accretive M&A following the Australian investment manager's acquisition of London-based Pacific Asset Management. The latest accretive acquisition further supports Pinnacle's international ambitions and leaves about A$110 million that could be directed at further deals, a Macquarie analyst writes in a note. The analyst tells clients that Pinnacle's 1H underlying profit was 2.3% stronger than they had forecast, driving EPS upgrades of up to 3% through FY 2029. Macquarie trims its target price 4.9% to A$25.25, reflecting factors including an updated discount rate, and maintains an outperform rating. Shares are up 4.4% at A$17.95. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7062":"资产管理与托管银行","PNI.AU":"PINNACLE INVESTMENT MANAGEME"},"translate_title":"Pinnacle Bull看到进一步并购的空间——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNI.AU":0.9},"content_text":"0009 GMT - Pinnacle's bull at Macquarie sees continued scope for accretive M&A following the Australian investment manager's acquisition of London-based Pacific Asset Management. The latest accretive acquisition further supports Pinnacle's international ambitions and leaves about A$110 million that could be directed at further deals, a Macquarie analyst writes in a note. The analyst tells clients that Pinnacle's 1H underlying profit was 2.3% stronger than they had forecast, driving EPS upgrades of up to 3% through FY 2029. Macquarie trims its target price 4.9% to A$25.25, reflecting factors including an updated discount rate, and maintains an outperform rating. Shares are up 4.4% at A$17.95. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2026 19:09 ET (00:09 GMT)\n\n\n  Copyright (c) 2026 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"}}}