JPMorgan upgraded Computershare (CMSQF) to Neutral from Underweight with a price target of A$36.50, down from A$37, in a Q1 update on the company. The firm noted that Computershare’s Q1 leading indicators on revenue “appear to show some chance of achieving the FY26 management EPS guidance,” and added that non-margin income leading indicators for revenue “appear to be okay vs guidance.” JPMorgan also noted that FX is looking have a slight negative impact on the AUD valuation with the weakening of the USD.
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