AMP Bull Sees Buyback Easing Investor Worries -- Market Talk
Dow Jones
Mar 30
0017 GMT - AMP's bull at Citi reckons that the Australian wealth manager's A$150 million share buyback should alleviate some of the concerns that have weighed on its shares since last month's annual result announcement. Analyst Nigel Pittaway thinks that the buyback should provide greater context to AMP's guidance for flat dividends for two years, while reducing the chances of it making a large-scale platform acquisition. Citi keeps a buy rating and A$1.80 target price on the stock despite current global volatility. Shares are up 4.4% at A$1.305. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 20:17 ET (00:17 GMT)
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