0026 GMT - The share-price drop that followed Judo Capital's most recent trading update only makes Morgans analyst Nathan Lead more bullish. Lead sees the recent weakness as an opportunity for investors to gain entry to a stock with high growth potential. Raising his recommendation to buy from accumulate, Lead tells clients in a note that the Australian business lender's third-quarter volume growth looked solid. He anticipates a A$7 million-A$15 million profit headwind from Judo's increased credit impairment, but still sees annual earnings hitting the bottom end of the lender's guidance range. Morgans keeps a A$2.09 target price on the stock, which is down 0.7% at A$1.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 27, 2026 20:26 ET (00:26 GMT)
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