Canaccord Genuity Reiterates Buy on Pioneer Credit and Lifts Price Target to A$1.15

Reuters
Yesterday
<a href="https://laohu8.com/S/CCORF">Canaccord Genuity</a> Reiterates Buy on <a href="https://laohu8.com/S/PNC.AU">Pioneer Credit</a> and Lifts Price Target to A$1.15

Canaccord Genuity reiterated its buy rating on Pioneer Credit Limited and lifted its price target to A$1.15 from A$1.09 after the company’s stronger half-year results. The broker highlighted improving earnings momentum, lower refinancing costs and better operating efficiency, noting Pioneer’s raised FY2026 profit guidance to above A$20 million and Canaccord’s own FY2026 NPAT estimate of A$21.1 million. Canaccord also pointed to the potential return of Westpac to forward-flow debt sales as a key catalyst that could materially boost Pioneer’s purchased debt portfolio acquisitions and future profitability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Credit Limited published the original content used to generate this news brief via pressetext (Ref. ID: 202602280300PRESSTXTEUPR__DE97A0987EE23607CEEA53A563DF51CD3) on February 28, 2026, and is solely responsible for the information contained therein.

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