Over the past few days, Latitude Group has been subjected to a 'sophisticated and malicious' cyber attack, with documents amd customer records being stolen. Up to 1-12% of customers have likely been impacted, according to Morgan Stanley.

While recent history of cyber attacks on other companies suggests the size of the breach may be upwardly revised, the analyst points out Latitude has cyber security insurance.

Also the cyber attacks occurred via external vendors, which may mitigate any financial impact, suggests the broker.

The Equal-weight rating and $1.20 target are retained.. Industry View: In-line.

Sector: Diversified Financials.

Target price is $1.20.Current Price is $1.21. Difference: ($0.01) - (brackets indicate current price is over target). If LFS meets the Morgan Stanley target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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