UBS sees shift to growth for Australia's Challenger, lifts price target

Challenger

27/05/2026 03:52

** Shares of investment management firm Challenger CGF.AX rise as much as 0.8% to A$8.92
** UBS says CGF shifting focus to growth over near-term buybacks after investor day underwhelms market, shares down ~5% since
** Lifts price target to A$10.20 from A$10.10, citing improved medium-term margins despite slower capital returns
** Flags solid growth outlook driven by super fund partnerships, technology improvements and expanded reinsurance relationships
** Retains "buy", citing structural tailwinds from ageing population and retirement income demand
** Stock down 5.31% this year, including the day's move

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.nair@thomsonreuters.com))