SKC – Macquarie rates the stock as Outperform
Macquarie retains its Outperform rating with the price target rising to NZ$4.05 from NZ$3.75.
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KAR – Morgans rates the stock as Add
The Add rating is unchanged and the target price is increased to $1.90 from $1.80.
Read MoreCSR – Citi rates the stock as Buy
The risks are estimated to be lower for CSR, given a high level of vertical integration. The Buy rating and $7.40 target are maintained.
Read MoreADI – Morgans rates the stock as Downgrade to Hold
Morgans downgrades APN Industria REIT’s rating to a Hold from Add on recent share price strength. The price target is increased to $3.28 from $3.17.
Read MoreSUL – Macquarie rates the stock as Neutral
Neutral maintained. Target rises to $13.00 from $11.70, driven by upgrades to FY22 earnings estimates.
Read MoreJHX – Citi rates the stock as Neutral
The Neutral rating and $42.30 target price are maintained.
Read MoreMP1 – Morgans rates the stock as Hold
The target is increased to $15.83 from $13.31, as the broker adds in more details around MVE. For now, the Hold recommendation is unchanged.
Read MoreCIP – UBS rates the stock as Downgrade to Neutral
The broker’s preference is for Goodman Group ((GMG)) as current conditions are favouring developers and valuations for that stock now more conservative. Target is raised to $3.72 from $3.54.
Read MoreSHL – Credit Suisse rates the stock as Outperform
Credit Suisse maintains an Outperform rating and $40 target and expects more than a -$1bn reduction in net debt in FY21.
Read MoreCOE – Macquarie rates the stock as Neutral
Neutral maintained. Target is $0.32.
Read MorePWR – Morgans rates the stock as Add
Morgans initiates coverage of Peter Warren Automotive with an Add rating and $4.05 target price.
Read MoreFMG – Credit Suisse rates the stock as Outperform
The broker retains an Outperform rating and $23 target.
Read MoreHMC – Morgans rates the stock as Add
The Add rating is maintained and the target lifts to $5.01 from $4.17.
Read MoreAMA – UBS rates the stock as Buy
Valuation remains attractive and the broker retains a Buy rating. Target is $0.70.
Read MoreALQ – Credit Suisse rates the stock as Outperform
Credit Suisse retains an Outperform rating and increases the target to $13.45 from $10.40.
Read MoreKAR – Morgans rates the stock as Add
The Add rating and $1.80 target are maintained.
Read MoreJHX – UBS rates the stock as Buy
The broker was pleased the commitment to the prior 35/90 strategy has been maintained. Buy rating and $47 target retained.
Read MoreCTP – Morgans rates the stock as Hold
In adjusting forward earnings estimates for the halving of equity production and strengthening of the balance sheet, the analyst lowers the target price to $0.13 from $0.15. The Hold rating is maintained.
Read MoreAPT – UBS rates the stock as Sell
The broker reiterates the Sell rating and raises the target to $37 from $36, acknowledging the product has resonated strongly but success was always going to attract competition.
Read MoreTNE – Morgans rates the stock as Add
The Add rating is maintained and the target price is increased to $10 from $9.99.
Read MoreSO4 – Macquarie rates the stock as Outperform
Outperform maintained. Target is reduced to $0.65 from $0.80.
Read MoreQAN – Credit Suisse rates the stock as Underperform
Credit Suisse maintains the Underperform rating and believes the share price doesn’t adequately reflect the risk of further covid disruptions. The target is kept at $4.15.
Read MoreAX1 – Citi rates the stock as Neutral
Neutral rating with a target price of $3.10.
Read MoreFPH – Credit Suisse rates the stock as Outperform
The target price is increased to $34 from $33.50 and the Outperform rating is maintained.
Read MoreCTD – Macquarie rates the stock as Upgrade to Outperform
Macquarie upgrades to Outperform from Neutral. Target is raised to $20.75 from $20.05.
Read MoreLNK – Credit Suisse rates the stock as Neutral
Credit Suisse reinstates coverage with a Neutral rating and $5.40 target.
Read MoreWEB – Morgans rates the stock as Hold
Morgans increases the price target to $5.10 from $4.92. Hold is maintained.
Read MoreFLT – Macquarie rates the stock as Outperform
Outperform rating with a target of $17.50.
Read MoreCOH – Credit Suisse rates the stock as Neutral
The Neutral rating is unchanged and the target falls to $225 from $230.
Read MoreNUF – Morgans rates the stock as Add
The Add rating is unchanged. The target price rises to 6.50 from $6.15.
Read MoreAGL – UBS rates the stock as Sell
Sell rating maintained. Target is reduced to $7.60 from $10.10.
Read MoreAPE – Morgans rates the stock as Add
The target price is increased to $17.39 from $16.86 and the Hold rating is maintained.
Read MoreCSL – Macquarie rates the stock as Outperform
After various adjustments, overall EPS forecast revisions result in the target moving to $312 from $296. The Outperform rating is maintained.
Read MoreGEM – UBS rates the stock as Buy
Buy rating and $1.30 target unchanged.
Read MoreUMG – Morgans rates the stock as Hold
The Hold rating is unchanged as the analyst feels a good portion of the recovery is priced-in. The target is increased to $4.79 from $4.12.
Read MoreCLW – UBS rates the stock as Neutral
Neutral rating maintained. Target is reduced to $4.77 from $4.80.
Read MoreVCX – Macquarie rates the stock as Upgrade to Outperform
Macquarie assesses current pricing provides an opportunity and upgrades to Outperform from Neutral. Target edges down to $1.64 from $1.65.
Read MoreAGI – Macquarie rates the stock as Outperform
Macquarie retains an Outperform rating and raises the target to $1.10 from 95c.
Read MoreELD – Morgans rates the stock as Hold
The broker retains a Hold, due to high multiples and a belief that earnings growth will now moderate and cattle prices will eventually fall from current record high levels. The target price is increased to $11.95 from $11.85.
Read MoreCAR – Morgans rates the stock as Upgrade to Add
Morgans upgrades to Add from Hold and lifts the target price to $20.82 from $19.45.
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