0043 GMT - Suncorp's bulls at UBS like the insurer's move to reduce volatility in its earnings. The investment bank's analysts keep a buy rating on the stock, telling clients in a note that the Australian company has successfully taken advantage of improving reinsurance pricing to better insulate earnings and capital. They reckon that the moderate EPS headwind from the new reinsurance arrangements materially reduces potential earnings downside. This is a significant positive for them. UBS raises its target price by 1.8% to A$19.60. Shares are up 0.3% at A$16.825. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 27, 2026 20:43 ET (00:43 GMT)
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