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.
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