Australia's HMC Capital rises as Morgan Stanley raises PT to Street-high
Updates with share moves
** Shares of HMC Capital HMC.AX rise as much as 5.9% to A$12.390 after Morgan Stanley raises price target to Street-high of $12.98 from $10.95
** Brokerage sees increase in HMC's assets under management citing underwritten establishment of DigiCo REIT with AUM of A$4 bln ($2.55 bln), and the progress of Energy Transition Fund
** Also sees higher FY25 pre-tax earnings of 71.4 AU cents per share, reflecting better month-on-month trading update for November
** Stock among top gainers on the benchmark S&P/ASX 200 .AXJO index which is flat
** Average rating of seven brokerages is a "hold;" median PT is A$8.94 — LSEG
** As of last close, stock up 89.9% YTD
($1 = 1.5704 Australian dollars)
Reporting by Aaditya Govind Rao and Nichiket Sunil in Bengaluru
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