2122 GMT - Navigator Global Investments's 2Q update beat Ord Minnett's expectations, leading it to raise its target price by 5.7% to A$3.70/share. A standout was NGI Strategic, which notched a 2% improvement in assets under management when the impact of the Bardin Hill sale is excluded. Analyst Phillip Chippindale says this topped estimates for the fund and was largely driven by a 7% increase in assets under management within the NGI Strategic Private Markets business. Ord Minnett retains a hold call on Navigator Global Investments. "We now forecast net profit in FY 2026 of US$78.2 million, which sees the stock trading on a 14.7x FY 2026 price-to-earnings multiple," the bank says. Navigator Global Investments ended last week at A$3.12. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 18, 2026 16:22 ET (21:22 GMT)
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