Morningstar says Steadfast strata broker accustations to minimally impact operations

Steadfast

02/03/2025 23:09

** Morningstar believes accusations of channelling incentives between Australia's Steadfast Group's SDF.AX strata brokers and underwriting divisions will not affect strata operations

** Co back in December conducted an internal review and found no evidence of wrongdoing

** Brokerage maintains its fair value estimate for shares of co at A$6.00, believes that insurance premium increases and new clients wins, its growth drivers, are priced in

** All 10 analysts rate the stock 'Buy'; their median PT is A$6.65 – according to data compiled by LSEG

** Stock down 3.2% YTD at A$5.610 as of last close

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Lincoln Feast.)

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