Daily FNArena News - Australia

The latest report from Baxter of the US leads brokers to suggest CSL is gaining market share at that company’s expense, though opinions remain divided on the value in CSL at current levels.

The quant boffins are out in force with their surprise predictions, Morgan Stanley looks at small caps while Merrill Lynch calls current FY11 forecasts “absurd”.

PanAust delivered a solid quarterly production report and with a number of growth options available brokers remain almost unanimously positive on the stock at current levels.

Brokers discuss healthcare while JP Morgan looks for surprises and RBS points out where $37bn in franking credits could be accessed.

Brokers are sticking to 24% upside targets for BHP.

Andean Resources has a high quality project at Cerro Negro but at least one broker does not want to get carried away just yet.

Having emerged from the Macquarie stable, Citi suggests investors are not yet recognising the value in Southern Cross Media.

Commonwealth Bank researchers argue that Australian house prices are only overvalued by outdated measures.

Brokers are now making assessments of how the FY10 earning season will fare and what FY11 might bring.

The July 6 Policy Meeting minutes confirm what investors should know already: the RBA has no intention of raising the cash rate beyond 4.5%, unless it has to.