Macquarie Raises Tower Price Target to NZ$1.90
Macquarie has raised its price target on Tower to NZ$1.90 per share, an increase of 1.1%.
Story updates
09:58:16 PM UTC
SquawkNews
Macquarie isn't ready to turn bullish on Tower, despite the New Zealand-based general insurer's upgrade to its annual earnings guidance. Tower now expects an underlying net profit of NZ$69 million-NZ$79 million in FY26. That's above prior guidance of NZ$55 million-NZ$65 million. The upgrade reflect…