Forsyth Barr initiates full Tower coverage, sets target price at 25.8% premium

Tower is less exposed to vehicle theft than it used to be. (Image: Supplied)

Wed, 16 Jul 2025

Forsyth Barr analysts are upbeat on Tower, saying the insurer’s pivot to lower-risk policies and digital-led efficiency is starting to pay off. In a note released on Tuesday, analysts James Lindsay and Will Twiss initiated full coverage of the stock with an outperform rating and a 12-month price target of $2.Previous coverage of the company was commissioned by Tower with Forsyth Barr MST Access Research’s sponsored research service.Tower’s head of strategy, planning and investor relations, James Silcock, said the partner...

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