PTM – Morgan Stanley rates the stock as Underweight

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The company reported -$111m in net outflows in January, which have accelerated versus December and November.

This is consistent with Morgan Stanley’s view thatĀ Platinum Asset Management faces the greatest de-rating risk among asset managers under coverage.

The broker maintains an Underweight rating, $3.50 target andĀ In-Line industry view.

Sector: Diversified Financials.

Target price is $3.50.Current Price is $4.79. Difference: ($1.29) – (brackets indicate current price is over target). If PTM meets the Morgan Stanley target it will return approximately -37% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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