Navigator Global's Bulls Look Past Near-Term Noise
Dow Jones
Yesterday
0503 GMT - Navigator Global Investments' bulls at UBS think the alternative-asset manager's stronger fiscal 2027 outlook was masked from investors' view by what they call near-term noise. Maintaining a buy rating on the stock, UBS analysts tell clients in a note that below-the-line cuts to asset valuations overshadowed otherwise healthy operating trends. They say any fiscal 2026 earnings shortfall stemmed from a small number of legacy partners, with scale and profit distributions growing on newer private-markets partners. They continue to see scope for both organic and inorganic earnings growth over the medium term. UBS maintains a target price of 3.60 Australian dollars on the stock. Shares are up 7.9% at A$2.59.
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