Australia's NIB Holdings climbs to six-month high; Jefferies hikes target price
BUZZ-Australia's NIB Holdings climbs to six-month high; Jefferies hikes target price Updates
** Shares of NIB Holdings NHF.AX rise as much as 5.5% to A$7.05, their highest level since early-December 2025
** Jefferies raises target price for NHF to A$7.60 from A$7.15, retains "hold" rating
** Brokerage says strategic review and the sale of its Australian and New Zealand travel businesses will allow the firm to grow its private health insurance business, focus on adjacent opportunities most relevant to members
** Revises investment income assumptions to reflect higher central bank cash rate and a steeper yield curve, which could positively impact returns on defensive assets
** Jefferies, however, remains cautious on growth in Australia's registered health insurance system and watches the firm's net policy growth
** NIB Holdings' stock up ~2%, YTD
($1 = 1.4235 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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