Analysis of Cooper Energy, HMC Capital, Exxon Mobil
Fund Manager Chris Pedersen discusses Cooper Energy (ASX:COE), HMC Capital (ASX:HMC) and Exxon Mobil Corp (NYSE:XOM).
Read MoreTag: HMC
HMC – Credit Suisse rates the stock as Neutral
The broker raises the target to $7.53 from $5.87 and retains a Neutral rating.
Read MoreHMC – UBS rates the stock as Sell
The broker initiates coverage with a Sell rating and $5.20 target, given the excessively high expectations for asset growth implied by current market pricing.
Read MoreHMC – Morgans rates the stock as Add
The Add rating is maintained and the target lifts to $5.01 from $4.17.
Read MoreHMC – Credit Suisse rates the stock as Neutral
First half results were in line with Credit Suisse’s expectations, with completed developments the main driver of growth. Neutral maintained. Target is raised to $3.90 from $3.87.
Read MoreHMC – Morgans rates the stock as Add
Morgans notes Home Consortium had an active end to 2020 after spinning off the HomeCo Daily Needs REIT ((HDN)), new acquisitions and a capital raising. The Add rating is unchanged and the target price increased to $4.27 from $3.60.
Read MoreHMC – Credit Suisse rates the stock as Neutral
Credit Suisse updates estimates to account for the establishment of the HomeCo Daily Needs REIT ((HDN)). Earnings dilution is expected, given Home Consortium has only a 27% interest in the REIT.
Read More
