Citi upgrades Australia's Judo Capital, but cuts PT on lowered FY26 outlook

Judo Capital Holdings

14/05/2025 24:43

** Citi upgrades Judo Capital JDO.AX to "neutral" from "sell"

** Says a ~35% pullback in financial firm's stock from CY25 highs offers balance between its long-term metrics and emerging risks over 2026

** Cuts PT to A$1.55 from A$1.60 to account for its lowered outlook for FY26, citing lower net interest margins on spreads and rates

** Stock rated "buy" on avg; median PT is A$2.15, per data compiled by LSEG

** YTD, JDO falls 24.5%

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))