Citi Analysts Bullish on Perpetual and Challenger, Neutral on Computershare

Tue 18 Mar 25, 12:30 AM | Team Kalkine

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Highlights

Citi rates Perpetual and Challenger as “Buy”, citing attractive valuations.

Perpetual's planned wealth management sale expected to significantly reduce debt.

Challenger’s FY25 earnings and return on equity targets are within reach, with cost control.

Computershare rated “Neutral”, with Citi seeing it as fully valued after recent rally.

Citi analysts have given a strong endorsement to Australian financial firms Perpetual (ASX:PPT) and Challenger (ASX:CGF), upgrading them to “Buy” ratings due to their attractive valuations.

Following the report, Perpetual’s stock surged 4.7% to AU$19.41, while Challenger gained 4.4%.

Perpetual’s Wealth Business Sale Could Unlock Value

Citi believes Perpetual’s ongoing effort to sell its wealth management division could generate sufficient proceeds to significantly reduce its debt. The move is seen as a key catalyst for future growth.

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