BUZZ-Jefferies raises PT for Australia's Catapult Group International on outlook upgrade

Reuters
22 May
BUZZ-Jefferies raises PT for Australia's Catapult Group International on outlook upgrade

** Jefferies has raised its price target for Catapult Group International CAT.AX to A$5.60 from A$4.60, retains "buy" rating

** Brokerage says the wearable device maker's annual earnings were solid; co posts a 19% jump in FY25 revenue

** Jefferies increases its long-term growth rate for co to 4.5% from 4% on increased confidence in the outlook

** Also places a 10% premium to co over its comparable peers due to its solid top-line growth and operating leverage compared to peers

** 5 of 6 analysts rate the stock "buy" or higher, 1 "hold"; their median PT is A$4.53, according to data compiled by LSEG

** YTD, shares up 31.8%, last closed at A$4.30 after adjustments

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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