| Eclipx Group Limited |
ECX |
Macquarie retains outperform rating on Eclipx Group Limited (ECX). Raises price target from $1.29 to $1.35. Notes trading update shows operations have bounced back post covid-19 better than expected. |
| Eclipx Group Limited |
ECX |
Morgan Stanley retains overweight rating on Eclipx Group Limited (ECX). Retains $1.7 price target. Notes rebound in EOL volumes, but sees some uncertainty going forward. |
| Eclipx Group Limited |
ECX |
UBS retains buy rating on Eclipx Group Limited (ECX). Retains $1.45 price target. Describes update provided as marginally positive. Sees some upside risks in second half. |
| Jumbo Interactive Limited |
JIN |
Morgan Stanley lowers Jumbo Interactive Limited (JIN) price target from $16 to $12.50. Retains overweight rating. |
| Jumbo Interactive Limited |
JIN |
Morgans upgrades Jumbo Interactive Limited (JIN) rating from add to hold. Raises price target from $9.62 to $11.58. Describes TAH renegotiation as costly, but necessary for longer term gain, and to build market confidence. |
| Mcmillan Shakespeare Limited |
MMS |
Macquarie raises Mcmillan Shakespeare Limited (MMS) price target from $7.47 to $8.87. Retains neutral rating. Says difficult to find clarity in MMS outlook. |
| Mcmillan Shakespeare Limited |
MMS |
Morgan Stanley retains overweight rating on Mcmillan Shakespeare Limited (MMS). Retains $11.50 price target. Notes MMS guidance shows likely improvement in net profits.. |
| Mcmillan Shakespeare Limited |
MMS |
Ord Minnett retains hold rating on Mcmillan Shakespeare Limited (MMS). Lowers price target from $11.80 to $9.20. Describes writedowns as an expected development. |
| Newcrest Mining Limited |
NCM |
Macquarie downgrades Newcrest Mining Limited (NCM) rating from neutral to underperform. Retains $28 price target. Notes impact of strengthening Australian dollar on earnings growth, disruptions to June quarter. |
| Scentre Group |
SCG |
Jefferies upgrades Scentre Group (SCG) rating from underperform to hold. Raises price target from $1.93 to $2.32. |
| Santos Limited |
STO |
Macquarie downgrades Santos Limited (STO) rating from outperform to neutral. Lowers price target from $6.05 to $5.50. Cites possible delays in recovery of oil price. |
| Tabcorp Holdings Limited |
TAH |
Citi upgrades Tabcorp Holdings Limited (TAH) rating from neutral to sell. Raises price target from $2.80 to $3.40. Sees renegotiation of Jumbo Interactive working in TAH's favour, lowers risk of agreement, and should save $20-$30 million p.a. Upgrades FY21 NPAT by 5% and FY22 by 2%. |
| Tabcorp Holdings Limited |
TAH |
Credit Suisse raises Tabcorp Holdings Limited (TAH) price target from $3.20 to $3.60. Retains neutral rating. Notes notes Jumbo deal accounts for 20% of digital lottery sales outside of WA, so reduction in net commission to Jumbo will benefit. |
| Tabcorp Holdings Limited |
TAH |
Macquarie raises Tabcorp Holdings Limited (TAH) price target from $3.80 to $4. Retains outperform rating. Expects new Jumbo agreement to generate extra $20 million in earngins each year. |
| Tabcorp Holdings Limited |
TAH |
Morgan Stanley retains equalweight rating on Tabcorp Holdings Limited (TAH). Retains $2.60 price target. Sees marginal benefit in Jumbo deal renegotiation. |
| Telstra Corporation Limited. |
TLS |
Ord Minnett retains accumulate rating on Telstra Corporation Limited. (TLS). Retains $4.10 price target. |
| Woodside Petroleum Ltd |
WPL |
Macquarie upgrades Woodside Petroleum Ltd (WPL) rating from neutral to outperform. Raises price target from $23.50 to $25. Notes oil prices likely lower than previously expected, however WPL well placed to unlock value by acquiring Chevron's share of North West Shelf. |