| Atlas Arteria |
ALX |
Macquarie lowers Atlas Arteria (ALX) price target from $6.98 to $6.73. Retains outperform rating. Blames new COVID-19 related lockdowns in Europe. |
| Australia and New Zealand Banking Group |
ANZ |
Jefferies raises Australia and New Zealand Banking Group (ANZ) price target from $11.70 to $15.15. |
| Australia and New Zealand Banking Group |
ANZ |
Morgan Stanley lowers Australia and New Zealand Banking Group (ANZ) price target from $20.00 to $19.40. Retains overweight rating. Blames lower than expected cash profit reported in FY20 results. Notes though, co. is managing crisis well, and sees recovery in earnings in FY21. |
| Australia and New Zealand Banking Group |
ANZ |
Jefferies raises Australia and New Zealand Banking Group (ANZ) price target from $11.70 to $15.50. Anticipates extended period of lower dividend paying capacity for Australian banks. FY20 result was in-line with expectations though. |
| Australia and New Zealand Banking Group |
ANZ |
Credit Suisse retains outperform rating on Australia and New Zealand Banking Group (ANZ). Retains $26.20 price target. Expects that the worst of the COVID-19 pandemic induced risks are behind sector. Profit growth not out of question in H1 FY21. |
| Australia and New Zealand Banking Group |
ANZ |
Macquarie retains outperform rating on Australia and New Zealand Banking Group (ANZ). Raises price target from $18.50 to $20.00. Is pleased with FY20 results. Notes was approximately 4% ahead of expectations. Sees continued improvement in credit outlook on low rates and Federal Government stimulus measures. |
| Australia and New Zealand Banking Group |
ANZ |
UBS retains buy rating on Australia and New Zealand Banking Group (ANZ). Retains $21.00 price target. Notes FY20 results were in line with expectations. Tier 1 capital was well ahead of expectations though. Federal Government stimulus should support earnings going forward. |
| Australia and New Zealand Banking Group |
ANZ |
Citi retains buy rating on Australia and New Zealand Banking Group (ANZ). Retains $23.75 price target. No change to rating or target after reviewing FY20 results. In line with expectations. Please with progress on loan deferrals. Risks remain, but results show operating conditions improving. |
| Bellevue Gold |
BGL |
Macquarie retains outperform rating on Bellevue Gold (BGL). Retains $1.500 price target. Broker is impressed with September quarter production update. |
| CSR |
CSR |
Jefferies raises CSR (CSR) price target from $3.30 to $4.10. |
| Deterra Royalties |
DRR |
Citi initiates sell rating on Deterra Royalties (DRR). Initiates $3.40 price target. |
| Fineos Corporation |
FCL |
Macquarie retains outperform rating on Fineos Corporation (FCL). Retains $6.25 price target. Broker is impressed with September quarter production update. |
| Fortescue Metals Group |
FMG |
Credit Suisse retains neutral rating on Fortescue Metals Group (FMG). Retains $16.50 price target. No change to rating or target after reviewing first quarter production report. Notes, shows co. had a strong start to FY21. |
| Fortescue Metals Group |
FMG |
Macquarie retains outperform rating on Fortescue Metals Group (FMG). Retains $19.50 price target. Notes first quarter production report was ahead of expectations in all areas. Sees continued strong earnings growth on higher iron ore prices. |
| Fortescue Metals Group |
FMG |
UBS retains buy rating on Fortescue Metals Group (FMG). Retains $0.000 price target. No change to rating or target after reviewing first quarter production report. Anticipates co. will continue to provide superior dividend yield. |
| Fortescue Metals Group |
FMG |
Citi retains buy rating on Fortescue Metals Group (FMG). Retains $18.50 price target. No change to rating or target after reviewing first quarter production update. Remains confident in management's ability to extract maximum value out of current high iron ore prices. Dividend is impressive. |
| IGO |
IGO |
Morgan Stanley raises IGO (IGO) price target from $4.90 to $5.00. |
| IGO |
IGO |
Macquarie raises IGO (IGO) price target from $5.30 to $5.60. Retains outperform rating. Cites better than expected quarterly production report. Is please with progress on costs. |
| IGO |
IGO |
UBS lowers IGO (IGO) price target from $5.50 to $5.45. Retains buy rating. Sees co. as a potential target or participant in M&A. |
| Incitec Pivot |
IPL |
Credit Suisse raises Incitec Pivot (IPL) price target from $3.27 to $3.31. Retains outperform rating. Predicts improving farming conditions should support earnings. |
| JB Hi-Fi |
JBH |
Citi upgrades JB Hi-Fi (JBH) rating from sell to neutral. Raises price target from $44.80 to $49.30. Notes co. has managed Melbourne lockdown situation better than most competitors, please with solid online sales growth. |
| JB Hi-Fi |
JBH |
Macquarie raises JB Hi-Fi (JBH) price target from $53.70 to $54.90. Retains outperform rating. Broker is impressed with co's trading update. Notes strong sales performance. Expects to continue into Christmas period. |
| JB Hi-Fi |
JBH |
UBS raises JB Hi-Fi (JBH) price target from $47.60 to $47.80. Retains neutral rating. Considers co. as a quality pick in sector, and expects strong performance should continue, but share price leaves little upside. |
| JB Hi-Fi |
JBH |
Credit Suisse raises JB Hi-Fi (JBH) price target from $50.21 to $50.62. Retains neutral rating. Anticipates strong performance reported in quarterly trading update can be replicated in December quarter. |
| Janus Henderson Group |
JHG |
Citi raises Janus Henderson Group (JHG) price target from $44.20 to $46.85. Retains buy rating. |
| Janus Henderson Group |
JHG |
Credit Suisse raises Janus Henderson Group (JHG) price target from $26.00 to $36.50. Retains neutral rating. Reacts positively to quarterly trading update. Strong performance, but risks remain. |
| Janus Henderson Group |
JHG |
Macquarie raises Janus Henderson Group (JHG) price target from $38.00 to $40.00. Retains outperform rating. Reviews quarterly trading update. Notes that results were a beat, but remains cautious over continued fund outflows. Improvement can be maintained though. |
| Newcrest Mining |
NCM |
UBS lowers Newcrest Mining (NCM) price target from $38.50 to $38.00. Retains buy rating. Notes quarterly production was in line with expectations, lowers target on the basis of rising costs. |
| Orocobre |
ORE |
Citi lowers Orocobre (ORE) price target from $3.70 to $3.40. Retains buy rating. |
| Reliance Worldwide Corporation |
RWC |
UBS raises Reliance Worldwide Corporation (RWC) price target from $4.10 to $4.20. Retains neutral rating. Broker is impressed with strong performance reported in quarterly trading update. |