Morgan Stanley lowers its forecast for Computershare's FY24 margin income after taking into account recent global financial instability and interest rate moves.

The target falls to $22.60 from $25.20. Equal-weight. Industry view: In-line.

The broker points out the company has options to reduce the impact of lower rates. For example, interest rate hedging may be undertaken or the company's busineess mix can be altered.

Sector: Software & Services.

Target price is $22.60.Current Price is $20.55. Difference: $2.05 - (brackets indicate current price is over target). If CPU meets the Morgan Stanley target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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