Challenger's Buyback Is Smaller, Sooner Than Bull Expected -- Market Talk
Dow Jones
Feb 17
0157 GMT - Challenger's on-market share buyback is smaller, but announced earlier, than its bull at Macquarie had expected. The Australian investment manager's announcement of a A$150 million buyback comes about three months before its scheduled investor day, when Macquarie analysts had been expecting a much larger buyback to be unveiled. They have been incorporating a A$750 million buyback over three years into their model. Macquarie has a last-published outperform rating and a A$10.00 target price on the stock, which is down 1.7% at A$8.275. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 16, 2026 20:57 ET (01:57 GMT)
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