Daily FNArena News - Australia

Brokers slashed forecasts as software service provider, Aconex ((ACX)) substantially downgraded revenue expectations for FY17, raising questions regarding the reliability of its growth outlook.

Gold miner Evolution Mining is cashing up and brokers laud the company for its production and debt-free potential.

Bank analysts all agree there is limited upside for Australian bank share prices since their recent re-rating.

BlueScope Steel has upgraded earnings estimates for the first half and brokers welcome the work done to improve the outlook and balance sheet.

Brokers can only speculate on the real issues facing Brambles, but believe they may not be structural, suggesting value following the share price tumble.

Industry feedback suggests Woolworths supermarkets had a better time than Coles over Christmas. Woolworths has also announced it will divest its petrol stations business to BP.

REA Group will divorce its European portals, selling them to Oakley Capital Private Equity. Brokers welcome the tighter focus on key businesses.

The Commonwealth has thrown a curve ball to Sydney Airport, withholding any government funding for the second airport in its notice of intention.

Brokers are crowing about newly listed poultry producer, Ingham’s Group, but concede there are risks investors should be wary of.

Amid a soft trading update, casino property operator Crown Resorts has outlined initiatives to simplify its business and enhance the balance sheet.