0337 GMT - Navigator Global Investments' bull at Morgans reckons the alternative-asset manager's momentum is intact despite its slight annual earnings miss. Analyst Richard Coles tells clients in a note that the Australian company's underlying Ebitda for the 12 months through June was about 3% below consensus. However, Coles points out that inflows look set to continue into the current fiscal year and that Navigator's recently acquired stable portfolio is performing in line with expectations. He lowers his annual adjusted profit forecasts through fiscal 2029 by between 4.2% and 4.5%, but keeps a buy rating on the stock. Morgans trims its target price 2.9% to 3.04 Australian dollars. Shares are up 6.7% at A$2.56.
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