0407 GMT - Life360's modest progress to date on executing its US$225 million buyback leads its bull at Bell Potter to anticipate increased activity in the September quarter. Analyst Chris Savage points out that the dual-listed tracking-app developer only spent US$13.2 million on shares in the June quarter, leaving US$211.8 million available under the multiyear program. Savage maintains a buy rating on Life360's Australia-listed stock despite the absence of a hoped-for upgrade to earnings guidance. He tells clients in a note that Life360 delivered second-quarter beats in most key metrics. Bell Potter trims its target price 2.9% to 34.00 Australian dollars. Shares are down 2.9% at A$23.07.
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