Citi sees Aussie Steadfast's outlook firm with levers to soften rate drag

Citi calls insurance broker Steadfast's SDF.AX investor update upbeat, with earnings outlook intact and fresh levers flagged to cushion softer rate cycle

Brokerage adds that the CEO is "very confident" on hitting FY26 EPS target of 6%-10%, though leaning on faster M&A and cost cuts

Lifts FY26/27 EPS estimates by 0.2%, sticking with view for ~6% profit growth on two-year compound annual growth rate

Citi says brokers are "quality businesses" proven through the cycle, with many levers available to mitigate slowing rates

Stock down 12.2% YTD