Pexa Group Faces 'Significant' Earnings Pressure From Proposed IPART Fee Cuts, Jefferies Says
() -- Pexa Group (ASX:PXA) is expected to face materially lower earnings after the Independent Pricing and Regulatory Tribunal (IPART) proposed a 20% cut to Australian Exchange transfer fees from fiscal 2028, prompting Jefferies to reduce its forecasts and valuation assumptions, the research firm said in a July 3 note.