Market Chatter: AUB Group Forecast To Achieve Earnings Growth of Around 7%, Citi Says
MT Newswires Live
Apr 27
AUB Group (ASX:AUB) is forecast to achieve earnings growth of around 7% on the back of acquisitions and cost-cutting, according to Citi analyst Nigel Pittaway, The Australian reported on Monday.
Insurance brokers face headwinds from slowing rates as well as disruption risk from artificial intelligence, but they are "high-quality businesses proven through the cycle," Pittaway said.
Citi started coverage of the firm, assigning it a neutral rating and a price target of AU$27.30 per share.
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