Credit Suisse adjusts earnings forecasts for Suncorp Group to allow for investment market movements. Overall, small positive movements from credit spreads were offset by slight decreases in investment markets.
The broker retains an Outperform rating with a $13.91 target.
Target price is $13.91.Current Price is $12.77. Difference: $1.14 – (brackets indicate current price is over target). If SUN meets the Credit Suisse target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).