AMP's Easing Share Price Lures Bull Back to Stock -- Market Talk

Dow Jones01-12

0000 GMT - AMP regains its bull at Citi following the share-price decline that followed the Australian wealth manager's 3Q update. Analyst Nigel Pittaway lifts Citi's rating on the stock to buy from neutral, three months after a steep rally prompted him to downgrade his recommendation. He tells clients in a note that he expects a capital-return announcement when AMP announces its 2025 result next month. Strong cost control and stabilization in underlying bank earnings are among other positives. Citi keeps a A$2.10 target price on the stock, which is up 3.5% at A$1.8425. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

January 11, 2026 19:00 ET (00:00 GMT)

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