Morgans raises HRL Holdings’ target price to 11c from 10c after the company confirmed it was comfortable with second-half earnings consensus and should deliver its +84% second-half skew.
Management reports very good progress across laboratories, sampling and software divisions, thanks to a strong performance from Analytica.
The broker views potential upside for FY20 but retains a Hold rating awaiting confirmation given the stock is trading at fair value.
Sector: Commercial & Professional Services.
Target price is $0.11.Current Price is $0.11. Difference: $0.00 – (brackets indicate current price is over target). If HRL meets the Morgans target it will return approximately 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
