The big brokers have run the ruler over a number of key stocks over the last 24 hours.
They reacted negatively to trading updates from insurer QBE, and fund manager Magellan Financial Group (MFG).
Contrasting this, brokers were keen on automotive parts wholesaler and retailer Super Retail Group (SUL), and buy now pay later company Afterpay (APT).
| Company Name |
Ticker |
Broker Move |
| AGL Energy |
AGL |
Credit Suisse lowers AGL Energy (AGL) price target from $12.60 to $11.00. Retains underperform rating. |
| Afterpay |
APT |
Citi raises Afterpay (APT) price target from $97.75 to $115.00. Retains neutral rating. |
| ASX |
ASX |
Credit Suisse lowers ASX (ASX) price target from $73.00 to $71.00. Retains underperform rating. |
| Costa Group Holdings |
CGC |
Citi downgrades Costa Group Holdings (CGC) rating from buy to neutral. Raises price target from $3.75 to $4.30. |
| Charter Hall Group |
CHC |
Morgan Stanley raises Charter Hall Group (CHC) price target from $13.10 to $16.88. Retains overweight rating. |
| Incitec Pivot |
IPL |
Citi raises Incitec Pivot (IPL) price target from $2.31 to $2.43. Retains neutral rating. |
| Kazia Therapeutics |
KZA |
Zacks downgrades Kazia Therapeutics (KZA) rating from buy to hold. |
| Magellan Financial Group |
MFG |
Citi lowers Magellan Financial Group (MFG) price target from $60.00 to $56.50. Retains neutral rating. |
| Magellan Financial Group |
MFG |
Credit Suisse lowers Magellan Financial Group (MFG) price target from $58.50 to $55.00. Retains neutral rating. |
| Nearmap |
NEA |
RBC Capital Markets upgrades Nearmap (NEA) rating from sector perform to outperform. |
| Nuix |
NXL |
Morgan Stanley initiates overweight rating on Nuix (NXL). Initiates $11.00 price target. |
| Nextdc |
NXT |
Jefferies retains buy rating on Nextdc (NXT). Retains $15.94 price target. |
| Origin Energy |
ORG |
Credit Suisse lowers Origin Energy (ORG) price target from $5.80 to $5.70. Retains neutral rating. |
| Platinum Asset Management |
PTM |
Citi upgrades Platinum Asset Management (PTM) rating from sell to neutral. Raises price target from $3.00 to $3.90. |
| QBE Insurance Group |
QBE |
Macquarie lowers QBE Insurance Group (QBE) price target from $8.00 to $7.70. Retains underperform rating. |
| QBE Insurance Group |
QBE |
Morgan Stanley retains overweight rating on QBE Insurance Group (QBE). Retains $11.50 price target. |
| QBE Insurance Group |
QBE |
UBS lowers QBE Insurance Group (QBE) price target from $10.50 to $9.00. Retains neutral rating. |
| Rio Tinto |
RIO |
RBC Capital Markets raises Rio Tinto (RIO) price target from $6000.00 to $6100.00. (Prices in GBP as per London Stock Exchange listing) |
| Rio Tinto |
RIO |
BidAskClub upgrades Rio Tinto (RIO) rating from buy to strong buy. |
| Super Retail Group |
SUL |
UBS upgrades Super Retail Group (SUL) rating from neutral to buy. Raises price target from $11.30 to $12.20. |
| Zip Co |
Z1P |
Citi raises Zip Co (Z1P) price target from $6.40 to $6.50. Retains neutral rating. |
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