BUZZ-ASX-listed GQG Partners drops to 11-month low; Morgan Stanley trims PT

Shares of Australia-listed GQG Partners GQG.AX extend losses to drop as much as 3.1% to A$1.88, their lowest levels since Feb 5, 2024

Morgan Stanley reduces the price target of the U.S.-based investment manager to A$3.26 from A$3.8

Brokerage also sees EPS to fall 14% in FY25 on the basis of lower flow forecasts

While recent negative headlines have impacted flows in the past two months, we still look for mid- to high-single-digit inflows in FY25E - Morgan Stanley

GQG stock slid in the previous session on smaller FUM and fund flows

Morgan Stanley retains "overweight" rating

Stock down 8.9% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))