Asia
Market Chatter: AUB Group Forecast To Achieve Earnings Growth of Around 7%, Citi Says
AUB Group (ASX:AUB) is forecast to achieve earnings growth of around 7% on the back of acquisitions and cost-cutting, according to Citi analyst Nigel Pittaway, The Australian reported on Monday.Insurance brokers face headwinds from slowing rates as well as disruption risk from artificial intelligence, but they are "high-quality businesses proven through the cycle," Pittaway said.Citi started coverage of the firm, assigning it a neutral rating and a price target of AU$27.30 per share.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
ASX:AUB
