SB Citigroup: Challenger Financial Stock Recommendation

SB Citigroup has a hold, high risk rating for Challenger Financial Services Group (CGF), all the while increasing their target share price from $4.10 to $4.15. "The analysts note, however, they believe the risk/reward equation has come more into investors' favour in recent weeks as Challenger's share price has fallen 8% since the release of its 1H06 result. If management succeeds in its current strategy, the broker believes investors will see rewards not available elsewhere in the financial sector." Challenger Financial Services Group stock is listed in the Australian Stock Exchange (ASX) under stock code CGF. Check your charts.