2300 GMT - The more than 25% fall in wealth manager AMP's share price following its 1H result looks warranted to Barrenjoey. AMP investors face the pain of another earnings reset, and uncertainty around the reset being enough, says analyst Andrew Adams. Also, AMP has openly discussed the potential for acquisitions. That will open a debate around what acquisitions AMP is considering, how large, does it need to raise equity, and will it overpay, Barrenjoey says. "In this context, and throw in some AI fears, the 27% fall in the share price is arguably justified," Barrenjoey says. Its price target falls 20% to A$1.65/share. AMP ended Thursday at A$1.28. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 12, 2026 18:01 ET (23:01 GMT)
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