| Autosports Group |
ASG |
Macquarie upgrades Autosports Group (ASG) rating from neutral to outperform. Raises price target from $1.100 to $1.650. Notes better than expected FY20 sales results. |
| Autosports Group |
ASG |
UBS raises Autosports Group (ASG) price target from $1.400 to $1.500. Retains buy rating. Broker believes current share price makes co. attractive on valuation basis. |
| Bega Cheese |
BGA |
UBS raises Bega Cheese (BGA) price target from $5.00 to $5.70. Retains buy rating. Sees continued improvement despite challenging conditions. |
| Boral |
BLD |
Jefferies raises Boral (BLD) price target from $5.00 to $5.10. Retains buy rating. Broker is impressed with improvement in margins, strong outlook. Sees limited downside risks to earnings and valuation. |
| Boral |
BLD |
Citi lowers Boral (BLD) price target from $4.35 to $4.22. Retains neutral rating. Broker believes recovery is underway. |
| Boral |
BLD |
Credit Suisse raises Boral (BLD) price target from $3.50 to $3.75. Retains neutral rating. Cites improving margins. |
| Boral |
BLD |
Morgan Stanley raises Boral (BLD) price target from $4.10 to $4.40. Retains equalweight rating. Notes FY20 results in-line with expectations. |
| City Chic Collective |
CCX |
EL&C Baillieu retains buy rating on City Chic Collective (CCX). Retains $3.70 price target. Broker believes co. will continue to deliver strong growth as it expands its operations. |
| Costa Group |
CGC |
Citi raises Costa Group (CGC) price target from $3.40 to $3.75. Retains buy rating. Broker is impressed with performance of international operations. |
| Costa Group |
CGC |
Credit Suisse raises Costa Group (CGC) price target from $3.50 to $3.60. Retains outperform rating. Sees likely pick up in growth. |
| Costa Group |
CGC |
Macquarie raises Costa Group (CGC) price target from $2.87 to $3.53. Retains neutral rating. Broker is impressed with resilience in earnings despite challenging operating environment. |
| Costa Group |
CGC |
UBS raises Costa Group (CGC) price target from $3.25 to $3.55. Retains buy rating. Is pleased with outlook for continued growth. |
| Flight Centre Travel Group |
FLT |
Morgan Stanley lowers Flight Centre Travel Group (FLT) price target from $16.00 to $15.00. Retains overweight rating. Downgrades expected earnings for FY21 on the back of ongoing covid-19 impact. But still sees upside once recovery in travel underway. |
| Harvey Norman |
HVN |
Jefferies raises Harvey Norman (HVN) price target from $4.50 to $5.40. Upgrades earnings forecasts on the back of FY20 results. |
| Harvey Norman |
HVN |
Citi raises Harvey Norman (HVN) price target from $4.80 to $5.00. Retains buy rating. Predicts sales growth momentum will continue to improve. |
| Harvey Norman |
HVN |
Credit Suisse raises Harvey Norman (HVN) price target from $3.90 to $4.48. Retains neutral rating. Notes FY20 results were solid, but questions ongoing growth after stimulus measures subside. |
| Harvey Norman |
HVN |
Macquarie raises Harvey Norman (HVN) price target from $4.20 to $4.50. Retains outperform rating. Cites better than expected FY20 results. |
| Harvey Norman |
HVN |
UBS raises Harvey Norman (HVN) price target from $4.35 to $4.70. Retains buy rating. Sees growth continuing. Melbourne re-opening could provide further kicker. |
| Nextdc |
NXT |
Jefferies raises Nextdc (NXT) price target from $13.66 to $13.84. |
| Nextdc |
NXT |
Morgan Stanley raises Nextdc (NXT) price target from $12.00 to $13.40. Retains overweight rating. Cites strength of FY20 results, substantial industry tailwinds. |
| Nextdc |
NXT |
Credit Suisse raises Nextdc (NXT) price target from $11.35 to $11.70. Retains neutral rating. Notes FY20 results in-line with expectations. Sees demand environment strong. |
| Nextdc |
NXT |
Macquarie raises Nextdc (NXT) price target from $10.50 to $12.30. Retains neutral rating. Notes FY20 results in-line with expectations. Sees demand environment strong. |
| Nextdc |
NXT |
Morgan Stanley raises Nextdc (NXT) price target from $12.00 to $13.40. Retains overweight rating. Cites better than expected FY20 results. |
| Orocobre |
ORE |
Citi lowers Orocobre (ORE) price target from $3.90 to $3.70. |
| Orocobre |
ORE |
Credit Suisse lowers Orocobre (ORE) price target from $3.05 to $2.85. Retains neutral rating. Notes FY20 results in-line with expectations. Disappointed with contraction margin. |
| Pointsbet |
PBH |
Credit Suisse downgrades Pointsbet (PBH) rating from neutral to underperform. Retains $6.50 price target. Blames lack of confidence in ability to deliver sufficient earnings to justify current share price. |
| Resolute Mining |
RSG |
Citi lowers Resolute Mining (RSG) price target from $1.700 to $1.650. Retains buy rating. Is concerned about operational stability in the medium term due to geopolitical risks. However, ramp up of Syama project by end of 2020 should assist. |
| Resolute Mining |
RSG |
Macquarie retains outperform rating on Resolute Mining (RSG). Retains $1.600 price target. Notes lower than expected FY20 results. Outlook remains positive. |