0102 GMT - Macquarie analysts still need to see AMP's refreshed technology platform in action before becoming more positive on the stock. They tell clients in a note that they need a live walk-through of the platform, which the Australian wealth manager says is best in class, to become more bullish over the longer term. Another box they need ticked is the resolution of the outstanding class actions against the company. In the short term, they see risk that higher average customer balances put pressure on revenue margins at AMP's superannuation and investments, and platform divisions. Macquarie trims its target price by 1.0% to A$1.90 and stays neutral on the stock, which is up 0.1% at A$1.8475. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 12, 2026 20:02 ET (01:02 GMT)
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