*DJ Perpetual Price Target Cut 0.7% to A$21.05/Share by Macquarie *DJ Perpetual Price Target Raised 5.1% to A$22.50/Share by Citi*DJ Perpetual Upgraded to Buy from Neutral by Citi *DJ Perpetual Price Target Raised 1.6% to A$22.70/Share by Jarden
Perpetual Bulls Intrigued by Cost Commentary -- Market Talk2344 GMT - Perpetual's bulls at Jarden are intrigued by comments from new CEO BernardReilly that the investment manager can exceed its current cost targets. The broker'sanalysts point out that while Perpetual has reiterated its A$25 million-A$35 millionannual cost-savings target, CEO Bernard Reilly says the company "can go further." Reillyis just six weeks into his role, they tell clients in a note. Perpetual's September fundsunder management were slightly stronger than the Jarden analysts had anticipated. Jardenlifts its target price 1.6% to A$22.70 and keeps an overweight recommendation on thestock, which is at A$19.65 ahead of the open.
PPT Price at posting:
$20.58 Sentiment: Buy Disclosure: Held
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