2334 GMT - Life360's bull at Bell Potter thinks the tracking-app provider's third-quarter result could be a catalyst for the stock, albeit mostly because expectations are low. Analyst Chris Savage doesn't necessarily anticipate any sort of material beat or upgrade to guidance, although he does point out that the dual-listed company has a track record of lifting its outlook. Savage tells clients in a note that Life360 has set a low bar by flagging an 18% Ebitda margin, down from 20% a year earlier. He says that the drivers are well understood and thinks any positives in subscriber or user metrics could be greeted enthusiastically. Bell Potter cuts its target price on Life360's Australia-listed stock by 5.9% to 32.00 Australian dollars. Shares are up 1.8% at A$20.70.
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