Macquarie retains outperform rating on Aristocrat Leisure Limited (ALL). Lowers price target from $37 to $32. |
RBC Capital Markets raises Ausnet Services Limited (AST) price target from $1.70 to $1.75. Upgrades rating from underperform to sector perform. Notes "while there are uncertainties over capital management initiatives and implications from COVID-19, we think the risks facing AST are more balanced from here and now have a slight skew to the upside". |
UBS upgrades Aurizon Holdings Limited (AZJ) rating from neutral to buy. |
Credit Suisse upgrades Breville Group Limited (BRG) rating from neutral to outperform. |
Macquarie lowers Csl Limited (CSL) price target from $324 to $304. Retains neutral rating. Predicts plasma volumes collected in the US will likely be affected social distancing measures. |
UBS retains sell rating on Evolution Mining Limited (EVN). Raises price target from $4.90 to $5.00. |
Citi upgrades Healius Limited (HLS) rating from neutral to buy. Lowers price target from $3.40 to $2.80. |
UBS retains buy rating on Igo Limited (IGO). Raises price target from $6.00 to $6.20. |
Citi upgrades Mg Unit Trust (MGF) rating from sell to buy. Lowers price target from $55 to $40. |
Jefferies raises Mirvac Group (MGR) price target from $2.46 to $2.58. Downgrades rating from buy to hold. |
Citi upgrades Newcrest Mining Limited (NCM) rating from neutral to buy. Retains $30.40 price target. Expects continued organic growth. Likes newest projects, sees as offering asset diversification and value. |
UBS retains sell rating on Northern Star Resources Ltd (NST). Lowers price target from $14.50 to $13.20. |
UBS retains buy rating on Oz Minerals Limited (OZL). Raises price target from $11.90 to $12.20. |
UBS retains buy rating on Regis Resources Limited (RRL). Lowers price target from $6.30 to $6.0. |
UBS raises Sandfire Resources Limited (SFR) rating from neutral to buy. Retains $6.00 price target. |
Citi raises Sonic Healthcare Limited (SHL) price target from $32.50 to $34. Retains buy rating. Broker is impressed by company's ability to maintain a flat EBITDA outlook in FY20, despite CV19 impact. Describes as "a very commendable effort". |
UBS lowers Western Areas Limited (WSA) rating from buy to neutral. Raises price target from $2.50 to $2.85. |
Jefferies raises Charter Hall Retail Reit (CQR) price target from $3.23 to $3.75. Retains hold rating. |
Jefferies raises Csr Limited (CSR) price target from $3.30 to $3.40. Retains hold rating. |
Citi raises Harvey Norman Holdings Limited (HVN) price target from $4.50 to $4.60. Retains buy rating. Upgrades FY20 net profit after tax (NPAT) forecast for HVN by 27% |
Morgan Stanley raises Qube Holdings Limited (QUB) price target from $2.58 to $3.30. |
Jefferies raises Sonic Healthcare Limited (SHL) price target from $23.20 to $29.20. |
Jefferies lowers Woolworths Group Limited (WOW) price target from $46 to $41.50. Retains buy rating. Broker is critical of managements' inability to match EBIT growth with the sales growth seen in H2. |