MRE: Challenger Financial (CGF) Recommendation

Macquarie Research Equities (MRE) has an outperform recommendation on Challenger Financial (CGF) with a price target of $4.32. The Challenger Financial stock price (CGF) rallied this Monday morning after announcing its 31st March06 Assets and Loans Under Management and Figure of $35.3 billion. MRE remains bullish on the prospects for Challenger (CGF) and believe that earnings per share growth over the next few years should remain very strong and the stock remains an attractive play at present levels. MRE's target of $4.32 per share is a premium of 18 per cent over today's price. Challenger Financial (CGF) is listed on the Australian Stock Exchange (ASX). Check your charts.