Tuesday Trading Talk: SUL, DHG
Tuesday's ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
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Tuesday's ASX session saw some good news released by outdoor gear and automotive products retailer Super Retail Group, as well as by digital real estate group Domain Holdings.
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UBS maintains its Buy rating for Domain Holdings after interim earnings (EBITDA) came in 7.5% ahead of expectations. The target price is lowered to $5.50 from $5.60.
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The Neutral rating is retained and the target price increases to $4.90 from $4.80.
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UBS upgrades Domain Holdings to Buy from Neutral. Target price is steady at $5.80.
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The broker lifts its target price to $5.36 from $5.22 and maintains its Hold rating on valuation.
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With peak reporting season upon us, here are snippets from the results announced yesterday by Shopping Centres Australasia, Domain Holdings, and Magellan Financial Group.
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US private equity giant KKR and Nine Entertainment’s real estate listings company Domain Holdings have made a surprise $3.1 billion bid for the online property conveyancer PEXA.
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The target is raised to $5.15 from $5, with the increase driven by an extension to the forecast period.
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Morgans reduces first half FY21 volume forecasts for Domain Holdings due to the extension of the Victorian lockdowns.
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Incremental news from the trading update has related to residential listings in April, which were better than some of the feedback Credit Suisse has received from agents.
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