PPT – Citi rates the stock as Neutral

Clearly, the analysts comment, Perpetual is a business in transition, but Citi analysts caution investors shouldn’t expect too much in the short term. Both EPS and DPS estimates have been lowered with the analysts citing a lack of near term momentum. The price target rises to $23 from $21 carried by a mild increase in the stockbroker’s "spot" valuation to $27 from $26.45.

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