Date |
Company Name |
Ticker |
Broker Move |
20-Jan |
Aristocrat Leisure |
ALL |
Credit Suisse lowers Aristocrat Leisure (ALL) price target from $37.60 to $34.50. Retains outperform rating. |
20-Jan |
Afterpay |
APT |
Jefferies initiates buy rating on Afterpay (APT). Initiates $153.08 price target. Anticipates Europe and Asia expansion will boost transaction margins and earnings in long term. Sees upside in US as market penetration remains low. |
20-Jan |
Bendigo and Adelaide Bank |
BEN |
Goldman Sachs downgrades Bendigo and Adelaide Bank (BEN) rating from neutral to sell. |
20-Jan |
Bluescope Steel |
BSL |
Credit Suisse raises Bluescope Steel (BSL) price target from $19.50 to $19.80. Retains outperform rating. |
20-Jan |
BWP Trust |
BWP |
UBS raises BWP Trust (BWP) price target from $3.80 to $3.86. Retains neutral rating. |
20-Jan |
Challenger |
CGF |
Citi raises Challenger (CGF) price target from $4.55 to $7.00. Retains neutral rating. |
20-Jan |
Charter Hall Group |
CHC |
UBS upgrades Charter Hall Group (CHC) rating from neutral to buy. Raises price target from $12.25 to $16.10. |
20-Jan |
Centuria Industrial Reit |
CIP |
UBS upgrades Centuria Industrial Reit (CIP) rating from neutral to buy. Raises price target from $3.23 to $3.38. |
20-Jan |
Centuria Capital Group |
CNI |
UBS downgrades Centuria Capital Group (CNI) rating from buy to neutral. Lowers price target from $2.46 to $2.43. |
20-Jan |
Centuria Office Reit |
COF |
UBS downgrades Centuria Office Reit (COF) rating from buy to neutral. Lowers price target from $2.50 to $2.10. |
20-Jan |
Computershare |
CPU |
Macquarie upgrades Computershare (CPU) rating from neutral to outperform. Raises price target from $14.35 to $15.95. |
20-Jan |
CSL |
CSL |
Macquarie lowers CSL (CSL) price target from $296.00 to $289.00. Retains neutral rating. |
20-Jan |
Domino's Pizza Enterprises |
DMP |
Macquarie upgrades Domino's Pizza Enterprises (DMP) rating from neutral to outperform. Raises price target from $72.10 to $90.30. Expects co. winning market share from rivals. Outlook remains positive. |
20-Jan |
Dexus |
DXS |
UBS raises Dexus (DXS) price target from $10.59 to $10.87. Retains buy rating. |
20-Jan |
Goodman Group |
GMG |
UBS raises Goodman Group (GMG) price target from $17.50 to $19.00. Retains neutral rating. |
20-Jan |
GPT Group |
GPT |
UBS downgrades GPT Group (GPT) rating from buy to neutral. Raises price target from $4.50 to $4.55. |
20-Jan |
Hub24 |
HUB |
Citi raises Hub24 (HUB) price target from $24.00 to $26.40. Retains buy rating. Broker is impressed with December quarter trading update. Ahead of expectations. H2 sales typically outperform, so further upside anticipated. |
20-Jan |
Hub24 |
HUB |
Credit Suisse upgrades Hub24 (HUB) rating from neutral to outperform. Raises price target from $21.50 to $26.00. Reacts positively to Q2 funds under management numbers. Notes, inflows up approx. 30%, well ahead of expectations. Organic growth impressive. Market share to increase. |
20-Jan |
Hub24 |
HUB |
Macquarie raises Hub24 (HUB) price target from $23.50 to $25.00. Retains neutral rating. After assessing December quarter update, increases expected earnings for FY21 and FY22 by approx. 6%. Netwealth (NWL) remains preferred pick in sector. |
20-Jan |
Insurance Australia Group |
IAG |
Morgan Stanley raises Insurance Australia Group (IAG) price target from $4.80 to $5.00. Retains equalweight rating. |
20-Jan |
IGO |
IGO |
Morgan Stanley raises IGO (IGO) price target from $5.15 to $5.45. Retains equalweight rating. |
20-Jan |
Iluka Resources |
ILU |
Goldman Sachs retains buy rating on Iluka Resources (ILU). Retains $7.20 price target. |
20-Jan |
Incitec Pivot |
IPL |
Macquarie raises Incitec Pivot (IPL) price target from $2.67 to $2.82. Retains outperform rating. |
20-Jan |
JB HI-FI |
JBH |
Citi raises JB HI-FI (JBH) price target from $50.00 to $53.00. Retains neutral rating. Notes 2021 is a boom year, but sales momentum unlikely to be sustainable in longer term. |
20-Jan |
JB HI-FI |
JBH |
Credit Suisse downgrades JB HI-FI (JBH) rating from outperform to neutral. Raises price target from $53.02 to $54.72. Is pleased with H1 preliminary sales update. Notes strong sales momentum and expanding margins. Scope for further upgrades, but share price appreciation has forced rating change. |
20-Jan |
JB HI-FI |
JBH |
Jefferies raises JB HI-FI (JBH) price target from $46.00 to $50.00. Sees little sign in short term that sales momentum is letting up as travel budgets continue to be redirected to discretionary retail. H2 less certain though. |
20-Jan |
JB HI-FI |
JBH |
Macquarie raises JB HI-FI (JBH) price target from $49.50 to $53.10. Retains neutral rating. Notes strong H1 sales momentum is in line with broker's expectations. Harvey Norman (HVN) is preferred pick in sector. |
20-Jan |
JB HI-FI |
JBH |
UBS raises JB HI-FI (JBH) price target from $47.80 to $51.00. Retains neutral rating. Describes H1 preliminary sales numbers as strong. Impressed with online sales performance, now 44% of sales. Expects continued strength in retail spending, co. ideally placed to take advantage, but notes share price appreciation undermines valuation opportunity. |
20-Jan |
Mirvac Group |
MGR |
UBS raises Mirvac Group (MGR) price target from $2.72 to $2.95. Retains buy rating. |
20-Jan |
Michael Hill International |
MHJ |
Citi raises Michael Hill International (MHJ) price target from $0.620 to $0.750. |
20-Jan |
Megaport |
MP1 |
UBS raises Megaport (MP1) price target from $15.45 to $16.45. Retains buy rating. |
20-Jan |
National Australia Bank |
NAB |
Zacks downgrades National Australia Bank (NAB) rating from buy to hold. |
20-Jan |
Nufarm |
NUF |
Morgan Stanley raises Nufarm (NUF) price target from $4.80 to $5.20. Retains overweight rating. |
20-Jan |
Oceanagold Corporation |
OGC |
Macquarie lowers Oceanagold Corporation (OGC) price target from $2.70 to $2.60. Retains neutral rating. |
20-Jan |
Oceanagold Corporation |
OGC |
Raymond James Financial lowers Oceanagold Corporation (OGC) price target from $3.75 to $3.50. (Prices in CAD as per Toronto Stock Exchange listing.) |
20-Jan |
Premier Investments |
PMV |
Morgan Stanley raises Premier Investments (PMV) price target from $18.40 to $24.00. Retains equalweight rating. |
20-Jan |
QBE Insurance Group |
QBE |
Citi lowers QBE Insurance Group (QBE) price target from $10.60 to $10.40. Retains buy rating. |
20-Jan |
QBE Insurance Group |
QBE |
Morgan Stanley lowers QBE Insurance Group (QBE) price target from $11.50 to $10.30. Retains overweight rating. |
20-Jan |
Rio Tinto |
RIO |
JP Morgan lowers Rio Tinto (RIO) price target from $7100.00 to $7000.00. (Prices in GBP as per London Stock Exchange listing). |
20-Jan |
Rio Tinto |
RIO |
Macquarie raises Rio Tinto (RIO) price target from $125.00 to $127.00. Retains outperform rating. Reviews December quarter trading update. |
20-Jan |
Resmed |
RMD |
Credit Suisse raises Resmed Foreign Exempt NYSE (RMD) price target from $31.00 to $29.50. Retains outperform rating. |
20-Jan |
Scentre Group |
SCG |
UBS downgrades Scentre Group (SCG) rating from neutral to sell. Raises price target from $2.40 to $2.58. |
20-Jan |
Sims |
SGM |
Credit Suisse raises Sims (SGM) price target from $10.75 to $13.00. Retains neutral rating. |
20-Jan |
Stockland |
SGP |
UBS raises Stockland (SGP) rating from neutral to buy. Raises price target from $3.80 to $4.50. Anticipates ongoing strength in residential construction, development and sales as stimulus measures work their way through Australian economy. |
20-Jan |
Super Retail Group |
SUL |
Citi raises Super Retail Group (SUL) price target from $13.10 to $14.00. Retains buy rating. Predicts retailer will likely outperform peers over next 6 months. Increases FY22 expected earnings by 11%. |
20-Jan |
Super Retail Group |
SUL |
Credit Suisse raises Super Retail Group (SUL) price target from $12.21 to $13.19. Retains outperform rating. After assessing first half trading update, remains confident that sales momentum can be maintained into FY22. Valuation attractive, continued re-ratings likely. |
20-Jan |
Super Retail Group |
SUL |
Macquarie raises Super Retail Group (SUL) price target from $11.30 to $11.70. Retains neutral rating. Cites better than expected first half trading update. Some gains are going to be permanent. Margin improvement pleasing. |
20-Jan |
Super Retail Group |
SUL |
Morgan Stanley raises Super Retail Group (SUL) price target from $12.30 to $12.90. Broker is impressed with first half trading update. Notes, earnings forecasts better than expected. |
20-Jan |
Super Retail Group |
SUL |
Morgan Stanley raises Super Retail Group (SUL) price target from $12.30 to $12.90. Retains overweight rating. Broker is impressed with first half sales performance. Significantly better than market was expecting. Cash flow a highlight, makes capital management increasingly likely. Increased expected earnings for FY21 by 40% and FY22 by 24%. |
20-Jan |
Super Retail Group |
SUL |
UBS raises Super Retail Group (SUL) price target from $12.20 to $12.60. Retains buy rating. Reacts positively to what it describes as a solid first half sales performance. Tailwinds remain, and group is well placed to take advantage. Margin improvement very impressive. |
20-Jan |
Suncorp Group |
SUN |
Morgan Stanley raises Suncorp Group (SUN) price target from $9.90 to $10.35. Retains equalweight rating. |
20-Jan |
Transurban Group |
TCL |
Macquarie lowers Transurban Group (TCL) price target from $15.93 to $15.06. Retains outperform rating. |
20-Jan |
Tyro Payments |
TYR |
Macquarie lowers Tyro Payments (TYR) price target from $3.50 to $2.50. Retains neutral rating. |
20-Jan |
Vicinity Centres |
VCX |
UBS downgrades Vicinity Centres (VCX) rating from neutral to sell. Raises price target from $1.380 to $1.460. |
20-Jan |
Westpac Banking Corporation |
WBC |
UBS raises Westpac Banking Corporation (WBC) price target from $22.00 to $23.50. Retains buy rating. Cites improving economic outlook, company specific drivers including stabilisation in mortgage rates, non-core assets sales, higher capital returns. |