Forsyth Barr upbeat on Tower

Better weather is likely to be good for Tower. (Image: NZME)

Fri, 04 Apr 2025

Analysts at Forsyth Barr are expecting higher earnings from insurer Tower because of better weather conditions, which will impact the number of claims.ForBarr's James Lindsay and Will Twiss also noted that the exit by its largest shareholder, Bain Capital, will reweight the stock in the NZX 50 and increase liquidity.“With Bain now fully off the register, investor attention can refocus on Tower’s improving fundamentals, robust capital position, and potential for further re-rating,” they said in a note issued on April 3...

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