| Coca-Cola Amatil Limited |
CCL |
Jefferies lowers Coca-Cola Amatil Limited (CCL) price target from $9.50 to $9. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Cimic Group Limited |
CIM |
Credit Suisse lowers Cimic Group Limited (CIM) price target from $35 to $34. Retains outperform rating. Broker believes weaker results are already reflected in the share price. |
| Cimic Group Limited |
CIM |
UBS lowers Cimic Group Limited (CIM) price target from $25 to $23. Retains neutral rating. Notes first half results worse than expected, but considers outlook to be positive. |
| Coles Group Limited. |
COL |
Jefferies raises Coles Group Limited. (COL) price target from $19 to $20.50. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Csl Limited |
CSL |
UBS retains buy rating on Csl Limited (CSL). Retains $331 price target. Broker likes exposure to flu vaccine sales growth. |
| Flight Centre Travel Group Limited |
FLT |
Jefferies lowers Flight Centre Travel Group Limited (FLT) price target from $13 to $12. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Fortescue Metals Group Ltd |
FMG |
UBS raises Fortescue Metals Group Ltd (FMG) price target from $13.60 to $17.50. Retains buy rating. Notes strong Chinese demand, recovery in Asia and Europe, weak exports from Brazil. But adds iron ore prices at current levels are not sustainable. |
| Fortescue Metals Group Ltd |
FMG |
Citi retains sell rating on Fortescue Metals Group Ltd (FMG). Retains $11.70 price target. Notes better than expected production, however, valuation unchanged, and therefore implies sell rating. |
| Fortescue Metals Group Ltd |
FMG |
Macquarie raises Fortescue Metals Group Ltd (FMG) price target from $15 to $18. Retains outperform rating. Is pleased with earnings momentum, and has upgraded its forecasts for the medium term. |
| Fortescue Metals Group Ltd |
FMG |
Morgan Stanley retains equalweight rating on Fortescue Metals Group Ltd (FMG). Retains $12.15 price target. Notes production was lower than expected. |
| Genworth Mortgage Insurance Australia Limited |
GMA |
Macquarie lowers Genworth Mortgage Insurance Australia Limited (GMA) price target from $2.90 to $2.70. Retains outperform rating. Broker believes there is value in the company at current share price, but notes volatility ahead. |
| Gwa Group Limited. |
GWA |
Credit Suisse upgrades Gwa Group Limited. (GWA) rating from neutral to outperform. Lowers price target from $3.15 to $3.05. Cites share price fall as unlocking value. Sees continued pick up in home improvement spending. |
| Ioof Holdings Limited |
IFL |
Citi lowers Ioof Holdings Limited (IFL) price target from $5.50 to $4.70. Retains neutral rating. |
| Jb Hi-Fi Limited |
JBH |
Jefferies raises Jb Hi-Fi Limited (JBH) price target from $41 to $43. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Janus Henderson Group Plc |
JHG |
Credit Suisse lowers Janus Henderson Group Plc (JHG) price target from $21.47 to $21. Retains underperform rating. Blames weaker expected investment flows. |
| Janus Henderson Group Plc |
JHG |
Macquarie raises Janus Henderson Group Plc (JHG) price target from $36 to $38. Retains outperform rating. Cites better than expected underlying earnings in second quarter. |
| Macquarie Group Limited |
MQG |
Citi raises Macquarie Group Limited (MQG) price target from $110 to $125. Retains neutral rating. Says first quarter update was better than expected. As a result, Citi lifts its earnings forecast by 16% for FY21. Is please with sale of Eu rail operation. |
| Macquarie Group Limited |
MQG |
Jefferies raises Macquarie Group Limited (MQG) price target from $138 to $145. Retains buy rating. Broker likes strength in business model and upside in trading during higher volatility, but warns that further impairments cannot be ruled out. |
| Macquarie Group Limited |
MQG |
Morgan Stanley retains overweight rating on Macquarie Group Limited (MQG). Retains $120 price target. |
| Macquarie Group Limited |
MQG |
UBS retains neutral rating on Macquarie Group Limited (MQG). Retains $105 price target. |
| News Corporation |
NWS |
Macquarie raises News Corporation (NWS) price target from $22.52 to $23.18. Retains outperform rating. Broker believes an improvement in digital assets and books will offset weakness in print and other advertising reliant assets. |
| Oceanagold Corporation |
OGC |
UBS lowers Oceanagold Corporation (OGC) price target from $4.70 to $4.60. Retains buy rating. Blames slow restart of Didipio mine. Still sees growth prospects as strong. |
| Orocobre Limited |
ORE |
Citi raises Orocobre Limited (ORE) price target from $3 to $3.90. Retains buy rating. Expects lithium pricing may present risks, but in longer term ORE has an attractive product mix. |
| Pilbara Minerals Limited |
PLS |
Citi raises Pilbara Minerals Limited (PLS) price target from $0.220 to $0.320. Retains sell rating. Cites better than expected Q4 production report. |
| Pilbara Minerals Limited |
PLS |
Macquarie raises Pilbara Minerals Limited (PLS) price target from $0.130 to $0.270. Retains underperform rating. Cites better than expected Q4 production report. |
| Rio Tinto Limited |
RIO |
UBS retains neutral rating on Rio Tinto Limited (RIO). Retains $102 price target. |
| Sandfire Resources Limited |
SFR |
Citi lowers Sandfire Resources Limited (SFR) price target from $5.60 to $5.40. Retains neutral rating. Cites better than expected Q4 production report, but also rising costs. |
| Sandfire Resources Limited |
SFR |
Credit Suisse lowers Sandfire Resources Limited (SFR) price target from $5.70 to $5.40. Retains outperform rating. Notes Q4 production and guidance better than expected, but also exploration stunted due to covid-19 impact. |
| Sandfire Resources Limited |
SFR |
Macquarie downgrades Sandfire Resources Limited (SFR) rating from outperform to neutral. Lowers price target from $5.60 to $5.20. Blames weaker than expected guidance in Q4 production report. |
| Sandfire Resources Limited |
SFR |
Morgan Stanley lowers Sandfire Resources Limited (SFR) price target from $6.35 to $6.10. Retains overweight rating. |
| Sandfire Resources Limited |
SFR |
UBS lowers Sandfire Resources Limited (SFR) price target from $6 to $5.70. Retains buy rating. Blames lower than expected guidance in Q4 production report. |
| Seven West Media Limited |
SWM |
Credit Suisse raises Seven West Media Limited (SWM) price target from $0.07 to $0.10. Retains neutral rating. Cites renegotiation of debt arrangements. |
| Treasury Wine Estates Limited |
TWE |
Jefferies lowers Treasury Wine Estates Limited (TWE) price target from $10.50 to $10. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Woolworths Group Limited |
WOW |
Jefferies raises Woolworths Group Limited (WOW) price target from $41.50 to $44.50. Cites general review of sector, prefers supermarkets (seeing long term tailwinds) and electronic retailers (on strong sales), but warns continued challenging environment for discretionary retail and travel. |
| Wisetech Global Limited |
WTC |
Credit Suisse resumes outperform rating on Wisetech Global Limited (WTC). Resumes $23.60 price target. Broker likes strong organic growth profile, reasonable valuation. |
| Zip Co Limited. |
Z1P |
Citi initiates neutral rating on Zip Co Limited. (Z1P). Initiates $6.70 price target. |