ASX-listed shares of GQG Partners extend gains as Macquarie raises PT

GQG Partners

11/07/2023 02:27

** Analysts at Macquarie lift price target on fund manager
GQG Partners  GQG.AX  to A$2.15/share from A$2.05/share
    ** GQG shares currently up 1.2%
    ** ASX-listed shares of co jumped as much as 6.5% on Monday
after reporting $5.6 billion increase to its funds under
management for June 
    ** Brokerage further forecasts net inflows of $2.6 bln for
the rest of 2023 after co posted net inflows of $1.2 bln for 2Q
    ** Macquarie raises EPS expectations on the fund manager in
the range of 4.2% to 7% from FY24 onwards
    ** Stock has fallen 8.2% this year as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))