Goldman Sachs analyst Julian Braganza upgraded Challenger Ltd. to Buy from Neutral with a A$6.89 price target. The company’s return on equity should continue to improve into fiscal 2024 primarily from yields and improved mix, which provides a favorable risk/reward skew, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>