Analysts upbeat about Tower's latest guidance

Analysts upbeat about Tower's latest guidance
No large events have been recorded so far this financial year. (Image: Getty)
Rebecca Howard
Forsyth Barr analysts are upbeat about New Zealand stock exchange-listed insurer Tower’s latest guidance and said it continues to offer strong value at its current valuation.Earlier this week, Tower said its full-year underlying net profit is expected to be greater than $35 million, up from prior guidance of between $22m and $27m. In the year to Sept 30, 2023, the company reported an underlying net profit – including the cost of large events – of $7.6m versus $27.4m in FY22.Second upgradeThis week’s upgrade, however...

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