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News 2026-10-16 01:27 UTC

BUZZ — Australia's AMP falls, Jarden cuts PT after Q3 update

(Updates) * Shares of Australian wealth manager AMP fall as much as 3.5% to A$2.315 * Jarden cuts PT by 1.9% to A$2.55 * Lowers EPS estimate by 2.5% for FY26, 1.8% for FY27, and 2% for FY28 due to slower loan growth * But says AMP could grow with its platforms business * Jefferies raises price target to A$2.80 from A$2