| Ampol |
ALD |
Jefferies lowers Ampol (ALD) price target from $30.00 to $28.50. Retains hold rating. Blames worse than expected FY20 results. Notes weaker balance sheet is concerning. |
| Ampol |
ALD |
Credit Suisse raises Ampol (ALD) price target from $21.88 to $25.51. Retains neutral rating. |
| Ansell |
ANN |
Citi raises Ansell (ANN) price target from $35.00 to $41.00. Retains neutral rating. Broker is impressed with FY20 results, but notes that share price appreciation has undermined value at current price. |
| Ansell |
ANN |
Jefferies raises Ansell (ANN) price target from $43.15 to $44.20. Retains hold rating. Upgrades earnings estimates for FY21 by 4.7% on the back of strong FY20 results. |
| Ansell |
ANN |
Credit Suisse raises Ansell (ANN) price target from $42.50 to $43.00. Retains outperform rating. |
| Ansell |
ANN |
UBS raises Ansell (ANN) price target from $38.75 to $39.00. Retains neutral rating. |
| AUB Group |
AUB |
Credit Suisse raises AUB Group (AUB) price target from $15.75 to $16.00. Retains outperform rating. |
| Bingo Industries |
BIN |
Citi lowers Bingo Industries (BIN) price target from $3.00 to $2.80. Retains buy rating. Is pleased with FY20 results. |
| Bingo Industries |
BIN |
Credit Suisse downgrades Bingo Industries (BIN) rating from outperform to neutral. Lowers price target from $2.45 to $2.40. Blames cost pressures, operational headwinds. Lowers FY21 earnings expectations by 8%. |
| Blackmores |
BKL |
Citi downgrades Blackmores (BKL) rating from neutral to sell. Lowers price target from $79.80 to $60.50. Cites weaker sales in China, risks continue, but sees earnings picking up in medium term. |
| Fortescue Metals Group |
FMG |
Morgan Stanley raises Fortescue Metals Group (FMG) price target from $12.65 to $12.70. Retains equalweight rating. |
| Hub24 |
HUB |
Citi raises Hub24 (HUB) price target from $14.40 to $17.55. Retains buy rating. |
| Hub24 |
HUB |
Credit Suisse raises Hub24 (HUB) price target from $12.40 to $16.30. Retains neutral rating. |
| Integral Diagnostics |
IDX |
Citi raises Integral Diagnostics (IDX) price target from $4.90 to $5.35. |
| Integral Diagnostics |
IDX |
Jefferies raises Integral Diagnostics (IDX) price target from $4.00 to $4.10. |
| Integral Diagnostics |
IDX |
Credit Suisse upgrades Integral Diagnostics (IDX) rating from neutral to outperform. Raises price target from $4.30 to $4.50. Broker is impressed with co's ability to generate cash despite challenges. |
| Nanosonics |
NAN |
UBS lowers Nanosonics (NAN) price target from $7.50 to $7.20. Retains buy rating. |
| News Corporation |
NWS |
UBS raises News Corporation (NWS) price target from $22.20 to $25.00. Retains buy rating. |
| Nitro Software |
NTO |
Morgan Stanley raises Nitro Software (NTO) price target from $1.800 to $2.60. Retains overweight rating. |
| Oil Search |
OSH |
Citi upgrades Oil Search (OSH) rating from neutral to buy. Raises price target from $3.76 to $3.87. Broker believes worst is behind co. based upon FY20 results. |
| Oil Search |
OSH |
Credit Suisse raises Oil Search (OSH) price target from $3.20 to $3.23. Retains neutral rating. |
| Opthea |
OPT |
Goldman Sachs retains buy rating on Opthea (OPT). Retains $5.20 price target. Notes strong balance sheet and prospective clinical trial pipeline. |
| Perenti Global |
PRN |
UBS lowers Perenti Global (PRN) price target from $2.00 to $1.900. Retains buy rating. |
| Qube |
QUB |
Jefferies raises Qube (QUB) price target from $2.85 to $2.91. Retains buy rating. Blames worse than expected FY20 results as trigger for downgrade to earnings expectations by 17% for FY21. |
| Qube |
QUB |
Credit Suisse lowers Qube (QUB) price target from $3.50 to $3.20. Retains outperform rating. |
| Reliance Worldwide Corporation |
RWC |
Morgan Stanley raises Reliance Worldwide Corporation (RWC) price target from $3.20 to $3.50. Retains equalweight rating. |
| Scentre Group |
SCG |
Citi lowers Scentre Group (SCG) price target from $2.06 to $1.980. Retains sell rating. |
| Scentre Group |
SCG |
Credit Suisse lowers Scentre Group (SCG) price target from $3.02 to $2.81. Retains outperform rating. |
| Scentre Group |
SCG |
Morgan Stanley raises Scentre Group (SCG) price target from $2.66 to $2.70. Retains overweight rating. |
| Senex Energy |
SXY |
Morgan Stanley raises Senex Energy (SXY) price target from $0.300 to $0.310. Retains equalweight rating. |
| Servcorp |
SRV |
UBS raises Servcorp (SRV) price target from $3.80 to $4.00. Retains buy rating. |
| Seven Group |
SVW |
Jefferies raises Seven Group (SVW) price target from $0.070 to $0.140. |
| Seven Group |
SVW |
Credit Suisse raises Seven Group (SVW) price target from $0.100 to $0.125. Retains neutral rating. |
| Seven Group |
SVW |
UBS raises Seven Group (SVW) price target from $0.120 to $0.140. Retains neutral rating. |
| Spark Infrastructure Group |
SKI |
UBS raises Spark Infrastructure Group (SKI) price target from $2.10 to $2.20. Retains neutral rating. |
| Spark Infrastructure Group |
SKI |
Morgan Stanley raises Spark Infrastructure Group (SKI) price target from $2.10 to $2.18. Retains equalweight rating. |
| Spark Infrastructure Group |
SKI |
UBS raises Spark Infrastructure Group (SKI) price target from $2.10 to $2.20. Retains neutral rating. |
| ST Barbara |
SBM |
Goldman Sachs raises ST Barbara (SBM) price target from $4.30 to $4.40. Retains buy rating. Expects operational environment to continue to improve. Sees lower costs to support margins. |
| ST Barbara |
SBM |
Morgan Stanley raises ST Barbara (SBM) price target from $3.65 to $3.85. Retains overweight rating. |
| Stockland |
SGP |
Jefferies downgrades Stockland (SGP) rating from buy to hold. Raises price target from $3.81 to $4.11. |
| Stockland |
SGP |
Goldman Sachs raises Stockland (SGP) price target from $4.38 to $4.48. Retains buy rating. Cites upgrades to FY21 earnings expectations. Notes co. beat expectations in FY20 results. |
| Stockland |
SGP |
Citi raises Stockland (SGP) price target from $3.16 to $3.65. Retains neutral rating. |
| Stockland |
SGP |
Credit Suisse downgrades Stockland (SGP) rating from outperform to neutral. Raises price target from $3.56 to $3.96. Broker is impressed with FY20 results, but downgrades on the basis of share price appreciation undermining value proposition. |
| Stockland |
SGP |
UBS raises Stockland (SGP) price target from $3.55 to $3.80. Retains neutral rating. |
| Stockland |
SGP |
Morgan Stanley raises Stockland (SGP) price target from $4.35 to $4.45. Retains overweight rating. |
| Super Retail Group |
SUL |
Goldman Sachs raises Super Retail Group (SUL) price target from $10.30 to $11.60. Retains buy rating. Broker is impressed with management's ability to defensively position the business. Upgrades EPS estimates for FY21 by 6% and FY22 by 11.5%. |
| Western Areas |
WSA |
Citi lowers Western Areas (WSA) price target from $2.70 to $2.65. |
| Western Areas |
WSA |
Credit Suisse raises Western Areas (WSA) rating from neutral to outperform. Raises price target from $2.40 to $2.50. Sees past the valley to the recovery on the other side. |
| Western Areas |
WSA |
UBS lowers Western Areas (WSA) price target from $2.60 to $2.35. Retains neutral rating. |
| Western Areas |
WSA |
Morgan Stanley raises Western Areas (WSA) price target from $2.55 to $2.65. Retains overweight rating. |
| Xero |
XRO |
Jefferies raises Xero (XRO) price target from $81.24 to $92.86. Retains hold rating. Is pleased with co's acquisition of Waddle, sees as supportive of earnings growth. |