BUZZ-Australia's Credit Corp rises as brokerages lift PT on strong FY26 outlook

Reuters
Aug 06
BUZZ-Australia's <a href="https://laohu8.com/S/CCP.AU">Credit Corp</a> rises as brokerages lift PT on strong FY26 outlook

Updates

** Shares of Credit Corp CCP.AX rise as much as 1.9% to A$18.065

** Analysts at Jefferies upgrade stock's PT to A$19.65 from A$18.80 with "buy" rating, citing co can support higher P/E multiple on a more defined US growth path

** Morningstar raises fair value estimate by 8% to A$17.30, reflecting higher projected operating margins

** Jefferies says co's FY25 results pave way for robust FY26 forecast, with NPAT guidance of A$100 mln ($64.71 mln) to A$110 mln** Morningstar says co's FY26 outlook considerably surpasses the investment research firm's expectations

** CCP stock up 11.6% YTD, including day's moves

($1 = 1.5454 Australian dollars)

(Reporting by Keshav Singh Chundawat & Rajasik Mukherjee in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com))

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