Australia's Propel Funeral Partners falls despite Macquarie hiking PT

Propel Funeral Partners

11/02/2025 03:50

** Shares of Propel Funeral Partners  PFP.AX  fall 1% to
A$5.9 
    ** Macquarie flags lower-than-expected deaths reported in
birth, death, and marriage (BDM) records for the half-year
    ** However, brokerage hikes price target on stock to A$7.15
from A$7.00, saying it expects co to ramp up acquisitions in
CY25
    ** Also believes co has sufficient capacity to fund
acquisitions; retains 'outperform' rating
    ** Four analysts rate the stock "buy", 2 "hold"; their
median PT is A$6.30, according to data compiled by LSEG
    ** Stock rose 13.8% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))