CGF – Credit Suisse rates the stock as Outperform

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Credit Suisse believes the company has ample opportunity to continue to grow or even accelerate growth. Target price is raised to $12.00 from $11.50. Outperform retained.

The main drivers of growth in the next four years will be aged pension changes, superannuation changes, Australian platform agreements and distribution in Japan.

The broker expects the changes to the aged pension and the new Japanese distribution agreement, which both benefit from increased incentives to buy annuities, will benefit the company.

Sector: Diversified Financials.

Target price is $12.00.Current Price is $10.82. Difference: $1.18 – (brackets indicate current price is over target). If CGF meets the Credit Suisse target it will return approximately 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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