Alacer Gold Corp. |
AQG |
UBS raises Alacer Gold Corp. (AQG) price target from $10.30 to $11. Says updating valuation for higher gold price forecasts. |
Bubs Australia Limited |
BUB |
Citi downgrades Bubs Australia Limited (BUB) rating from buy to neutral. Lowers price target from $1.10 to $1. Is concerned about 5% drop in Q4 gross revenue, cuts FY20 EBITDA by 8%, FY21 by 7%, and FY22 by 10%. But notes, co still has promising future. |
CSL Limited |
CSL |
Goldman Sachs lowers CSL Limited (CSL) price target from $336 to $326. Retains buy rating. Cites challenges around plasma collection, competition as reasons for recent underperformance. Notes however, bearish case unlikely to manifest and therefore risk-reward remains favourable. |
Emeco Holdings Limited |
EHL |
Jefferies lowers Emeco Holdings Limited (EHL) price target from $1.20 to $1.10. Retains hold rating. Blames 4Q20 gross sales numbers for cuts to FY20 EBITDA estimates by 8%, FY21 by 7%, and FY22 by 10%. |
Evolution Mining Limited |
EVN |
UBS raises Evolution Mining Limited (EVN) price target from $4.60 to $5. Says updating valuation for higher gold price forecasts. Notes EVN (along with NST) is least preferred gold play |
Healius Limited |
HLS |
Citi downgrades Healius Limited (HLS) rating from buy to neutral. Lowers price target from $3.55 to $3.35. Is concerned about uncertainty around forecasts, margins. |
Healius Limited |
HLS |
Credit Suisse raises Healius Limited (HLS) price target from $3.25 to $3.35. Retains outperform rating. Cites continued strength in covid-19 testing rates. |
Healius Limited |
HLS |
Macquarie raises Healius Limited (HLS) price target from $3.40 to $3.55. Retains outperform rating. Describes market update as better than expected. Sees growth opportunities going forward. |
Insurance Australia Group Limited |
IAG |
Goldman Sachs lowers Insurance Australia Group Limited (IAG) price target from $6.22 to $5.48. Retains neutral rating. Blames softer underlying trends, margin pressures. Lowers EPS estimates for FY20 by 33%, FY21 by 12%, and FY22 by 14%. |
Karoon Energy Ltd |
KAR |
Macquarie raises Karoon Energy Ltd (KAR) price target from $0.90 to $1.25. Retains outperform rating. Expects cash will be diverted away from a special dividend to investment to boost production. |
Newcrest Mining Limited |
NCM |
UBS raises Newcrest Mining Limited (NCM) price target from $38.40 to $40.60. Says updating valuation for higher gold price forecasts. Notes NCM is most preferred gold play. |
Northern Star Resources Ltd |
NST |
UBS raises Northern Star Resources Ltd (NST) price target from $14.20 to $15.50. Says updating valuation for higher gold price forecasts. Notes NST (along with EVN) is least preferred gold play. |
Nufarm Limited |
NUF |
UBS upgrades Nufarm Limited (NUF) rating from neutral to buy. Retains $5.19 price target. Cites likely improvement in European margins. |
Oceanagold Corporation |
OGC |
UBS raises Oceanagold Corporation (OGC) price target from $4.30 to $4.70. Says updating valuation for higher gold price forecasts. |
Perpetual Limited |
PPT |
Citi lowers Perpetual Limited (PPT) price target from $33.60 to $32. Retains neutral rating. Downgrades EPS estimates for FY20 by -10%. Upgrades FY21 by +1%, and FY22 by +8%. Warns that medium term execution of Barrow Hanley acquisition may be difficult. |
Perpetual Limited |
PPT |
Credit Suisse raises Perpetual Limited (PPT) price target from $32 to $36.50. Retains neutral rating. |
Perpetual Limited |
PPT |
Macquarie raises Perpetual Limited (PPT) price target from $33 to $33.50. Retains neutral rating. Notes earnings guidance is below expectations. Prefers other plays in sector. |
Perpetual Limited |
PPT |
Morgan Stanley retains overweight rating on Perpetual Limited (PPT). Retains $45 price target. Broker likes Barrow Hanley acquisition, notes, little overlap with PPT's existing products. |
Perpetual Limited |
PPT |
Morgans raises Perpetual Limited (PPT) price target from $34.22 to $37.90. Retains hold rating. Broker likes Barrow Hanley acquisition, notes could be transformational, but comes with some risks. |
Ramsay Health Care Limited |
RHC |
Morgan Stanley raises Ramsay Health Care Limited (RHC) price target from $55 to $56. Retains underweight rating. Cites industry headwinds and uncertainty surrounding VIC covid-19 situation for rating. |
Rio Tinto Limited |
RIO |
Macquarie raises Rio Tinto Limited (RIO) price target from $110 to $111. Retains outperform rating. Cites improvement in iron ore prices. |
Rio Tinto Limited |
RIO |
UBS retains neutral rating on Rio Tinto Limited (RIO). Retains $102 price target. Expects copper to have negative impact on H2 earnings. |
Regis Resources Limited |
RRL |
UBS raises Regis Resources Limited (RRL) price target from $6 to $6.50. Says updating valuation for higher gold price forecasts. |
Saracen Mineral Holdings Limited |
SAR |
UBS raises Saracen Mineral Holdings Limited (SAR) price target from $6.30 to $6.90. Says updating valuation for higher gold price forecasts. |
Western Areas Limited |
WSA |
Goldman Sachs lowers Western Areas Limited (WSA) price target from $2.50 to $2.30. Retains neutral rating. Blames lower than expected grades, reduced reserves. |