Australia's Regal Partners hits 1-month high; Bell Potter raises PT

Shares of Regal Partners rose 3.7% to A$3.03, reaching a one-month high. Bell Potter increased its price target from A$3.55 to A$4.10, citing higher revenue and profit forecasts due to an 8% rise in funds under management (FUM) to A$19.2 billion. The brokerage anticipates A$1.7 billion in inflows for FY25 and believes the stock's operational performance is undervalued. Five analysts have a 'buy' rating or higher, with a median price target of A$4.30. The stock is down 19.6% year-to-date.