| Life360 |
360 |
Credit Suisse lowers Life360 (360) price target from $4.80 to $4.70. Retains outperform rating. Blames slowing growth in earnings due to pandemic. Notes not surprising, and growth should improve as impacts subside. Lowers target as a result, but retains rating. |
| Afterpay |
APT |
Macquarie raises Afterpay (APT) price target from $90.00 to $97.50. Retains neutral rating. Broker is impressed with September quarter trading update. Notes US result was flat, but as expected given seasonal trends. |
| Afterpay |
APT |
Morgan Stanley retains overweight rating on Afterpay (APT). Retains $115.00 price target. Says first quarter trading update was slightly better than expected. Stripe partnership announced in update is a positive, should enable APT to increase penetration in US market. |
| Afterpay |
APT |
UBS retains sell rating on Afterpay (APT). Retains $28.25 price target. Expects continued improvement in transaction frequency in next quarter as consumption increases into Christmas. However, can find a reason to amend either rating or target. |
| Austal |
ASB |
Citi lowers Austal (ASB) price target from $4.50 to $4.30. Retains buy rating. Reviews trading update and FY21 profit guidance. Lowers expected earnings for FY22 by 3% and for FY23 by 1%. Believes that market has underestimated co's ability to attract new business, so retains rating. |
| Austal |
ASB |
Goldman Sachs retains buy rating on Austal (ASB). Retains $4.35 price target. Notes room for continued Australasia growth, and remains optimistic about the long-term US Navy outlook. |
| Boral |
BLD |
Citi retains buy rating on Boral (BLD). Retains $5.30 price target. |
| Chalice Gold Mines |
CHN |
Macquarie retains outperform rating on Chalice Gold Mines (CHN). Retains $3.30 price target. |
| Champion Iron |
CIA |
Macquarie retains outperform rating on Champion Iron (CIA). Retains $3.80 price target. Reviews September quarter update. Notes better than expected shipments and prices. Upside remains. |
| Coles Group |
COL |
Citi raises Coles Group (COL) price target from $21.00 to $21.20. Retains buy rating. Is pleased with continued strong demand for groceries reported in trading update. Good news on margins, watch for strong finish to year. |
| Coles Group |
COL |
Credit Suisse raises Coles Group (COL) price target from $20.16 to $21.04. Retains outperform rating. Broker is impressed with strong sales, sales growth, and margins. Expects continued strong performance, even acceleration into year-end. |
| Coles Group |
COL |
Morgan Stanley raises Coles Group (COL) price target from $19.75 to $20.25. Retains overweight rating. Reacts positively to September quarter trading update. Expects strength to continue into December quarter. |
| Dacian Gold |
DCN |
Macquarie raises Dacian Gold (DCN) price target from $0.360 to $0.370. Retains underperform rating. Says quarterly production report in line with expectations. |
| Galaxy Resources |
GXY |
Citi raises Galaxy Resources (GXY) price target from $1.250 to $1.400. Retains neutral rating. Notes co. doing enough to manage lower prices/demand with its production. Sees Altura Mining failure as a positive for lithium prices. |
| Galaxy Resources |
GXY |
Credit Suisse raises Galaxy Resources (GXY) price target from $0.840 to $1.300. Retains neutral rating. Anticipates growth in lithium demand is on the horizon. |
| Hub24 |
HUB |
Citi retains buy rating on Hub24 (HUB). Retains $17.55 price target. |
| Hub24 |
HUB |
Credit Suisse upgrades Hub24 (HUB) rating from underperform to neutral. Raises price target from $18.70 to $21.50. Reviews recent acquisitions. Expects will add to earnings, and open up growth opportunities. |
| Hub24 |
HUB |
Macquarie raises Hub24 (HUB) price target from $22.50 to $23.50. Retains neutral rating. Reacts positively to recent acquisitions. Notes will provide better scale and increases defensive nature of earnings. |
| Lendlease Group |
LLC |
Jefferies initiates buy rating on Lendlease Group (LLC). Initiates $14.69 price target. Is pleased with co's strategy and pipeline of work. Is well positioned to benefit from any recovery in the construction sector. |
| Mach7 Technologies |
M7T |
Macquarie retains add rating on Mach7 Technologies (M7T). Retains $1.490 price target. No change to rating or target after reviewing September quarter trading update. Notes improving customer base, but cash flows were lower than expected. |
| Qantas Airways |
QAN |
UBS raises Qantas Airways (QAN) price target from $4.50 to $5.25. Retains buy rating. Predicts market is underestimating the pace of the possible recovery in domestic air travel. |
| Steadfast Group |
SDF |
Citi raises Steadfast Group (SDF) price target from $4.00 to $4.20. Retains buy rating. Reacts positively to recent profit guidance by the co. Upgrades expected earnings. |
| Steadfast Group |
SDF |
Macquarie raises Steadfast Group (SDF) price target from $3.90 to $4.00. Retains outperform rating. Broker is impressed with September quarter trading update. Notes strong growth in earnings, and in particular, in cost controls. |
| Steadfast Group |
SDF |
UBS lowers Steadfast Group (SDF) price target from $4.10 to $3.90. Retains buy rating. Is pleased with profit guidance and first quarter trading update. But some headwinds may emerge towards the end of FY21. |
| Sandfire Resources |
SFR |
Citi retains neutral rating on Sandfire Resources (SFR). Retains $5.50 price target. No change to rating or target after reviewing trading update. |
| Sandfire Resources |
SFR |
Credit Suisse lowers Sandfire Resources (SFR) price target from $5.40 to $5.25. Retains outperform rating. Reacts negatively to probability that Black Butte project is going to be un-economic. |
| Sandfire Resources |
SFR |
Morgan Stanley raises Sandfire Resources (SFR) price target from $6.25 to $6.60. Retains overweight rating. Cites better than expected production as reported in September quarter update. |
| Sandfire Resources |
SFR |
UBS lowers Sandfire Resources (SFR) price target from $5.80 to $5.50. Retains buy rating. |
| Super Retail Group |
SUL |
Citi raises Super Retail Group (SUL) price target from $11.90 to $13.10. Retains buy rating. Broker is impressed with quarterly trading update. Notes well ahead of expectations. Sees further upside as retail sales accelerates into the end of the year. |
| Super Retail Group |
SUL |
Credit Suisse raises Super Retail Group (SUL) price target from $11.83 to $12.21. Retains outperform rating. Reacts positively to trading update. Sales ahead of expectations. Continued strong performance expected. |
| Super Retail Group |
SUL |
Macquarie raises Super Retail Group (SUL) price target from $10.80 to $11.30. Retains neutral rating. Is pleased with sales performance as per trading update. Compliments management on navigating crisis. |
| Super Retail Group |
SUL |
Morgan Stanley retains overweight rating on Super Retail Group (SUL). Retains $11.40 price target. No change to rating or target after reviewing trading update, but notes sees further upside to sales growth. |
| Super Retail Group |
SUL |
UBS raises Super Retail Group (SUL) price target from $10.70 to $11.30. Retains neutral rating. Notes trading update showed that sales were better than expected. Notes all divisions reporting solid gains. Sees further growth ahead. |
| Tassal Group |
TGR |
UBS retains buy rating on Tassal Group (TGR). Retains $4.85 price target. |
| West African Resources |
WAF |
Macquarie retains outperform rating on West African Resources (WAF). Retains $1.300 price target. |
| Wagners Holding Company |
WGN |
Macquarie raises Wagners Holding Company (WGN) price target from $1.200 to $1.450. Retains neutral rating. Reacts positively to first quarter trading update. Notes operational environment remains challenging, but should benefit from any increase in infrastructure and housing spend. |