Daily FNArena News - Australia

Credit Suisse analysts have downgraded on the expectation that near term growth is under threat. Longer term, however, they see clear value.

Industry consultant BIS Shrapnel has reviewed the Australian construction market and predicts overall activity will fall slightly this year, though the renovation market may have bottomed.

Intersuisse suggests DataDot Technology (DDT) is well placed to expand its anti-theft technology in the car market, supporting its Speculative Buy rating.

A slightly disappointing production report from Oxiana (OXR) has driven down earnings forecasts as brokers adjust their numbers for the cost pressures accompanying higher metal prices.

David Jones has announced it will open three news stores in coming years, but with the reintroduction of its Dividend Reinvestment Plan the overall earnings boost is seen as minimal.

Nuclear energy may be perceived as the world’s saviour by some, but uranium producer ERA has to pray for sunny days ahead.

It’s been a hard slog for shareholders so far, it may take a bit longer still before the suggested upside will become reality.

A number of large unsolicited offers have prompted iiNet to sell is NZ ISP, ihug.

Two brokers have upgraded to Buy suggesting future profit growth is being overlooked as regulatory issues in Japan impact on the share price.

Following yesterday’s briefing on the progress of its UK restructuring, National Australia Bank (NAB) is seen as offering something different to the other major banks but not everyone is convinced.