MQG – Morgans rates the stock as Hold
With the stock running hard and now trading on 20x FY22 PE it is close to fair value and the broker downgrades to Hold from Add. Target is raised to $181.10 from $172.30.
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GNC – Macquarie rates the stock as Outperform
Macquarie retains an Outperform rating and raises the target to $7.32 from $7.27.
Read MoreAWC – Citi rates the stock as Neutral
If the coup in Guinea gives rise to material disruption in bauxite exports, the broker would review alumina price forecasts again. Neutral rating maintained. Target rises to $2.10 from $1.80.
Read MoreHLS – Credit Suisse rates the stock as Outperform
Outperform retained. Target rises to $5.50 from $5.35.
Read MoreSHL – Credit Suisse rates the stock as Outperform
Outperform retained. Target rises to $46.50 from $45.00.
Read MorePOS – Morgans rates the stock as Hold
Morgans assesses the stock is fundamentally an exploration play and an option on the nickel price and retains a Hold rating. Target is raised to $0.13 from $0.076.
Read MoreWEB – Citi rates the stock as Neutral
Given softer data, Citi pushes out expectations and views the opportunity and risk/reward as balanced. Hence, a Neutral/High Risk rating is maintained. Target is raised to $6.04 from $5.27.
Read MoreFMG – Macquarie rates the stock as Outperform
Outperform maintained. Target is reduced to $25 from $27.
Read MoreGUD – Citi rates the stock as Buy
The broker upgrades to Buy from Neutral, as this should be a tailwind once lockdown restrictions are lifted. The target price remains at $12.30.
Read MoreDXS – Macquarie rates the stock as Outperform
Rating is upgraded to Outperform from Neutral and the target is raised to $11.67 from $11.11.
Read MoreIDX – Credit Suisse rates the stock as Neutral
The Neutral rating is unchanged and the target price falls to $4.65 from $5.
Read MoreFCL – Citi rates the stock as Buy
Target is lowered to $5.22 from $5.25 and the Buy is retained.
Read MoreBKL – Macquarie rates the stock as Neutral
Macquarie raises its target price to $93.50 from $78.50 after Blackmores posted FY21 results. The Neutral rating is unchanged.
Read MoreEBO – Morgans rates the stock as Hold
Due to recent share price strength, the analyst pulls back the rating to Hold from Add and awaits a better entry point. The target rises to $34.50 from $31.68, despite no changes to near-term forecasts.
Read MoreAVG – Morgans rates the stock as Add
Despite a strong share price performance, after earnings upgrades the analyst feels the stock’s valuation remains undemanding and maintains an Add rating. Material EPS upgrades see the target rise to $1.06 from $0.83.
Read MoreRRL – Credit Suisse rates the stock as Outperform
Outperform rating is maintained. Credit Suisse reduces the target to $3.60 from $4.00 after running new gold price forecasts and revising financing costs.
Read MoreMTS – UBS rates the stock as Buy
Buy rating and $4.60 target unchanged.
Read MoreHLO – Morgans rates the stock as Add
The analyst maintains the Add rating given upside to the target price, which is now set at $3.03, up from $2.95.
Read MoreHVN – Credit Suisse rates the stock as Neutral
The broker retains a Neutral rating and raises the target to $5.80 from $5.68.
Read MoreASG – UBS rates the stock as Buy
UBS upgrades estimates for earnings per share and raises the target to $3.10 from $3.00. Buy retained.
Read MoreALU – Macquarie rates the stock as Underperform
The broker decreases its rating to Underperform from Neutral and it’s felt market confidence will be reduced around the company’s lack of visibility on the longer-term outlook. The target price falls to $27.60 from $30.
Read MoreASG – Macquarie rates the stock as Outperform
Macquarie has upgraded Autosports Group to Outperform from Neutral. Target is raised to $2.70 from $2.50.
Read MoreHLS – Credit Suisse rates the stock as Outperform
Outperform retained. Target is raised to $5.35 from $5.00.
Read MoreFMG – Morgans rates the stock as Reduce
After adjusting for the FY21 result, the target falls to $19.20 from $19.40.
Read MoreAFG – Macquarie rates the stock as Outperform
Earnings risk is to the upside and the broker retains an Outperform rating. Target is raised to $3.18 from $3.06.
Read MoreCGC – Morgans rates the stock as Hold
Morgans upgrades Costa Group to Add from Hold, and the target price is lowered to $3.70 from $3.81.
Read MoreBEX – Morgans rates the stock as Add
Speculative Buy rating maintained with the target dipping to $0.30 from $0.31.
Read MoreWES – Citi rates the stock as Sell
Citi continues to have a problem with the valuation, hence the Sell rating remains in place. Target price climbs to $49 from $47.
Read MoreALX – Morgans rates the stock as Hold
The Hold rating is unchanged and the target price rises to $6.44 from $6.33.
Read MoreAPX – Credit Suisse rates the stock as Neutral
Neutral rating is unchanged and the target is lowered to $11 from $15.
Read MoreWOW – UBS rates the stock as Neutral
UBS retains a Neutral rating and $39 target.
Read MoreAPT – Credit Suisse rates the stock as Outperform
Outperform rating is unchanged and the target is increased to $147 from $133.
Read MoreNEC – UBS rates the stock as Buy
Buy rating and $3.10 target unchanged.
Read MoreACF – Morgans rates the stock as Add
The Add rating is retained and the target price increases to $0.56 from $0.55.
Read MoreAPA – UBS rates the stock as Buy
UBS reduces EBITDA estimates by -4-5%, moderating assumptions amid higher corporate costs. Buy rating unchanged. Target is reduced to $10.50 from $11.20.
Read MoreVTG – Ord Minnett rates the stock as Buy
Negotiations with Telstra remain the value driver. FY21 revenue, earnings and net profit were all in line with forecasts. The broker retains a Speculative Buy rating. Target price is $1.11.
Read MoreASB – Credit Suisse rates the stock as Neutral
Credit Suisse downgrades Austal to Neutral from outperform and the target price is lowered to $2.25 from $2.75.
Read MoreOSH – UBS rates the stock as Buy
Buy rating and $4.65 target maintained.
Read MoreSEK – Morgans rates the stock as Hold
Hold retained and target price rises to $29.64 from $27.14.
Read MoreRWC – UBS rates the stock as Neutral
UBS downgrades to Neutral from Buy. Target is reduced to $5.90 from $6.16.
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