Australian Broker Call *Extra* Edition – Feb 16, 2026

Array
(
    [0] => Array
        (
            [0] => ((ABB))
            [1] => ((AGL))
            [2] => ((ACE))
            [3] => ((AEL))
            [4] => ((ARF))
            [5] => ((BMN))
            [6] => ((BOE))
            [7] => ((BVS))
            [8] => ((CAR))
            [9] => ((CIP))
            [10] => ((CPU))
            [11] => ((CSL))
            [12] => ((DYL))
            [13] => ((EVN))
            [14] => ((FBU))
            [15] => ((HDN))
            [16] => ((JHX))
            [17] => ((LAM))
            [18] => ((MM1))
            [19] => ((MQG))
            [20] => ((NSR))
            [21] => ((NWS))
            [22] => ((REA))
            [23] => ((PDN))
            [24] => ((PEN))
            [25] => ((PSC))
            [26] => ((RGN))
            [27] => ((RKN))
            [28] => ((SLX))
            [29] => ((SPG))
            [30] => ((STO))
            [31] => ((TPG))
            [32] => ((TPW))
            [33] => ((TWE))
            [34] => ((WEB))
            [35] => ((CTD))
            [36] => ((WEB))
        )

    [1] => Array
        (
            [0] => ABB
            [1] => AGL
            [2] => ACE
            [3] => AEL
            [4] => ARF
            [5] => BMN
            [6] => BOE
            [7] => BVS
            [8] => CAR
            [9] => CIP
            [10] => CPU
            [11] => CSL
            [12] => DYL
            [13] => EVN
            [14] => FBU
            [15] => HDN
            [16] => JHX
            [17] => LAM
            [18] => MM1
            [19] => MQG
            [20] => NSR
            [21] => NWS
            [22] => REA
            [23] => PDN
            [24] => PEN
            [25] => PSC
            [26] => RGN
            [27] => RKN
            [28] => SLX
            [29] => SPG
            [30] => STO
            [31] => TPG
            [32] => TPW
            [33] => TWE
            [34] => WEB
            [35] => CTD
            [36] => WEB
        )

)

This story features AUSSIE BROADBAND LIMITED, and other companies.
For more info SHARE ANALYSIS: ABB
The company is included in ASX200, ASX300 and ALL-ORDS

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.

In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.

One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

ABB   ACE   AEL   ARF   BMN   BOE   BVS   CAR   CIP   CPU   CSL   DYL   EVN   FBU   HDN   JHX   LAM   MM1   MQG   NSR   NWS   PDN   PEN   PSC   RGN   RKN   SLX   SPG   STO   TPG   TPW   TWE   WEB (2)  

ABB    AUSSIE BROADBAND LIMITED

Telecommunication – Overnight Price: $4.90

Jarden rates ((ABB)) as Neutral (3) –

Aussie Broadband has agreed to acquire AGL Energy’s ((AGL)) telco business and enter an exclusive, perpetual marketing partnership, with around 350k broadband and mobile connections expected to transfer post migration.

Jarden notes consideration is $115m in shares, around 22m shares or roughly -7.5% dilution, plus up to $10m in growth linked earn out shares, with migration expected to complete in 1H27.

The broker sees genuine long duration optionality from access to AGL’s customer base, but argues value depends on Aussie Broadband acquiring and retaining subscribers profitably in a price sensitive and promotional market.

Jarden retains a Neutral rating, target price lifted to $5.50 from $5.25, with FY27 and FY28 EPS forecasts lifted by 2% and 5% respectively on assumed completion and a seven month FY27 earnings contribution.

This report was published on February 11, 2026.

Target price is $5.50 Current Price is $4.90 Difference: $0.6
If ABB meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $5.94, suggesting upside of 21.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 24.10 cents.
At the last closing share price the estimated dividend yield is 1.43%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.33.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.6, implying annual growth of 75.2%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 25.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 10.00 cents and EPS of 32.70 cents.
At the last closing share price the estimated dividend yield is 2.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.98.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.2, implying annual growth of 33.7%.
Current consensus DPS estimate is 8.2, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 18.7.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ACE    ACUSENSUS LIMITED

Transportation & Logistics – Overnight Price: $1.80

Canaccord Genuity rates ((ACE)) as Buy (1) –

Acusensus has announced the settlement of ongoing legal proceedings with Redflex (subsidiary of key global competitor Verra Mobility) in the Australian Federal Court for a total cost of -$16m, payable in $6m cash and $10m scrip at $1.63ps.

As part of the settlement, Acusensus will retain ownership of its existing patent portfolio, however it will need to issue a ‘global non-exclusive licence’ for any relevant patents to Redflex.

In Canaccord Genuity’s view, Acusensus’ core competitive advantage is that it combines patented, AI-enabled enforcement technology on a platform that can detect multiple dangerous driving behaviours that is easily scalable to large global government contracts.

The broker therefore remains confident in Acusensus’ ability to continue winning work in Australia, with the company currently servicing major enforcement contracts across WA, SA, QLD and NSW, tenders in which VM/Redflex were a likely competitor, in Canaccord’s view.

Buy and $2.30 targe retained.

This report was published on February 13, 2026.

Target price is $2.30 Current Price is $1.80 Difference: $0.5
If ACE meets the Canaccord Genuity target it will return approximately 28% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 180.00.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1800.00.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

AEL    AMPLITUDE ENERGY LIMITED

Crude Oil – Overnight Price: $2.36

Jarden rates ((AEL)) as Downgrade to Overweight from Buy (2) –

Jarden downgrades Amplitude Energy to Overweight from Buy with a lower target of $2.67 from $3.40 post the failure of the Elanora exploration well.

The broker removes -36cps of risked value and cuts the risk weighting for the remaining Otway exploration campaign to 35% from 70%.

Elanora’s removal has no material impact on cash flows, with net profit after tax from FY27 slightly higher due to lower capex.

Attention now turns to the Isabella well, expected to take 14 to 18 days to drill, which the broker sees as pivotal to unlocking campaign upside.

This report was published on February 11, 2026.

Target price is $2.67 Current Price is $2.36 Difference: $0.31
If AEL meets the Jarden target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $3.45, suggesting upside of 46.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 14.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.86.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 27.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 22.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.4, implying annual growth of 44.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 19.0.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ARF    ARENA REIT

REITs – Overnight Price: $3.58

Jarden rates ((ARF)) as Buy (1) –

Arena REIT delivered a 1H26 result marginally ahead of guidance, with FFO of 9.7c versus consensus of 9.6c, and FY26 divided guidance reiterated at 19.25c, Jarden highlights.

The broker points to improved hedging across FY26 to FY29 and lower debt margins, which have helped offset the medium term impact of a higher BBSW curve.

The REIT’s portfolio is viewed as defensively positioned, supported by CPI linked income, low gearing of 23%, and sustainable occupancy costs, with rent to revenue at 9.7% providing buffer against regulatory pressures on childcare operators.

Jarden retains a Buy rating with the target lowered to $4.30 from $4.45, reflecting a higher outer year rate curve.

This report was published on February 11, 2026.

Target price is $4.30 Current Price is $3.58 Difference: $0.72
If ARF meets the Jarden target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $4.12, suggesting upside of 15.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 19.30 cents and EPS of 20.00 cents.
At the last closing share price the estimated dividend yield is 5.39%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.90.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.7, implying annual growth of -5.7%.
Current consensus DPS estimate is 19.2, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 18.2.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 19.60 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 5.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.9, implying annual growth of 6.1%.
Current consensus DPS estimate is 20.3, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 17.1.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

BMN    BANNERMAN ENERGY LIMITED

Uranium – Overnight Price: $3.71

Canaccord Genuity rates ((BMN)) as Speculative Buy (1) –

Canaccord Genuity raises its target price to $5.99 from $4.95 and retains a Speculative Buy rating on Bannerman Energy post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved. Commentary posits tightening conditions are beginning to show through in the long term market.

Canaccord Genuity lifts its long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $5.99 Current Price is $3.71 Difference: $2.28
If BMN meets the Canaccord Genuity target it will return approximately 61% (excluding dividends, fees and charges).

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

BOE    BOSS ENERGY LIMITED

Uranium – Overnight Price: $1.63

Canaccord Genuity rates ((BOE)) as Buy (1) –

Canaccord Genuity raises its target price to $2.80 from $2.30 and retains a  Buy rating on Boss Energy post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved, with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $2.80 Current Price is $1.63 Difference: $1.17
If BOE meets the Canaccord Genuity target it will return approximately 72% (excluding dividends, fees and charges).
Current consensus price target is $1.77, suggesting upside of 8.7%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 17.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.4.

Forecast for FY27:

Current consensus EPS estimate is 31.3, implying annual growth of 80.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 5.2.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

BVS    BRAVURA SOLUTIONS LIMITED

Wealth Management & Investments – Overnight Price: $2.08

Canaccord Genuity rates ((BVS)) as Hold (3) –

Bravura Solutions has upgraded FY26 guidance, with Canaccord Genuity keeping its Hold rating and $2.00 target unchanged.

Revenue guidance lifted to $280-285m from $265-275m, alongside cash EBITDA of $69-73m (margin 24.6-25.6%) from $55-65m (20.7-23.6%), despite adverse FX assumptions (2H26 AUD/GBP 1.95).

On the broker’s estimates, the upgrade implies FY26 EPS of 10.7-11.3c, 9-15% above consensus.

Canaccord attributes the uplift to management citing broad-based activity, with APAC momentum supporting offshore strength; a near-term catalyst is delivery on the Aware Super/Telstra Super merger project ahead of 30 June.

The key risk identified is timing slippage pushing professional services work into 1H27 (plus ongoing FX sensitivity).

This report was published on February 9, 2026.

Target price is $2.00 Current Price is $2.08 Difference: minus $0.08 (current price is over target).
If BVS meets the Canaccord Genuity target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 4.60 cents and EPS of 7.50 cents.
At the last closing share price the estimated dividend yield is 2.21%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.73.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 5.00 cents and EPS of 8.20 cents.
At the last closing share price the estimated dividend yield is 2.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.37.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CAR    CAR GROUP LIMITED

Automobiles & Components – Overnight Price: $25.07

Jarden rates ((CAR)) as Neutral (3) –

Jarden cuts its target to $30.20 –down -11%– and maintains Overweight after Car Group’s 1H26 result, citing earnings certainty from a defensive revenue model and seeing valuation support, referencing an 11% 2-year EPS CAGR.

1H26 pro forma revenue rose 14% to $626m, EBITDA increased 12% to $339m and adjusted NPAT grew 11% to $197m, while Australian margin eased -0.2ppts to 64.5% as costs ran ahead of revenue.

The broker lowers FY26/FY27 EPS forecasts by -2.4%/-2.8% (around two thirds FX-related) and highlights FX as a key swing factor, with management estimating a -2ppt drag to FY26 EPS at current rates.

To reflect higher AI-related risk, Jarden lifts WACC to 8.70% from 8.45% and trims terminal growth to 3.3% from 3.8%, but argues this company is relatively protected given proprietary data and deep dealer integration, with scope for AI to deliver both customer-value uplift and operating efficiencies.

This report was published on February 10, 2026.

Target price is $30.20 Current Price is $25.07 Difference: $5.13
If CAR meets the Jarden target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $36.54, suggesting upside of 45.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 87.50 cents and EPS of 107.80 cents.
At the last closing share price the estimated dividend yield is 3.49%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.26.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 109.2, implying annual growth of 49.7%.
Current consensus DPS estimate is 86.8, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 23.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 94.00 cents and EPS of 118.40 cents.
At the last closing share price the estimated dividend yield is 3.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 122.3, implying annual growth of 12.0%.
Current consensus DPS estimate is 96.9, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 20.5.

Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CIP    CENTURIA INDUSTRIAL REIT

REITs – Overnight Price: $3.21

Jarden rates ((CIP)) as Overweight (2) –

Centuria Industrial REIT announced 1H26 FFO of 9.1c, slightly ahead of Jarden’s expectations, while FY26 FFO guidance of 18.2c to 18.5c was unchanged.

The broker flags leasing outcomes across key vacancies as the swing factor for FY26, alongside an upcoming expiry at Arndell Park.

Despite a strong industrial backdrop, the broker notes the REIT has been unable to lift FFO back to FY17 levels due to limited early lease expiry, higher debt costs and a recent rise in vacancy.

Jarden’s Overweight retained, target price reduced to $3.75 from $3.90, reflecting a higher rate curve.

This report was published on February 11, 2026.

Target price is $3.75 Current Price is $3.21 Difference: $0.54
If CIP meets the Jarden target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $3.54, suggesting upside of 10.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 17.00 cents and EPS of 18.60 cents.
At the last closing share price the estimated dividend yield is 5.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.26.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.5, implying annual growth of -11.7%.
Current consensus DPS estimate is 16.8, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 17.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 17.90 cents and EPS of 18.40 cents.
At the last closing share price the estimated dividend yield is 5.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.45.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.6, implying annual growth of 5.9%.
Current consensus DPS estimate is 17.5, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 16.4.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CPU    COMPUTERSHARE LIMITED

Diversified Financials – Overnight Price: $30.17

Jarden rates ((CPU)) as Downgrade to Underweight from Overweight (4) –

Jarden downgrades Computershare to Underweight from Overweight and lowered the target price to $30.00 from $39.00.

Computershare is expected to benefit from an improving capital markets backdrop, but the broker argues tokenisation represents a material structural threat to the transfer agent franchise over the next five to ten years.

The analyst expects platform centric models pursued by exchanges and depositories to prevail over issuer sponsored tokenisation, creating a credible pathway for transfer agent functions to be absorbed into DLT infrastructure.

This is seen as a direct risk to Issuer Services and Share Plan segments, which accounted for 57% of FY25 earnings (EBIT), even though near term earnings forecasts are lifted by around 2% on a cyclical upswing.

This report was published on February 11, 2026.

Target price is $30.00 Current Price is $30.17 Difference: minus $0.17 (current price is over target).
If CPU meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $36.12, suggesting upside of 19.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 116.90 cents and EPS of 222.56 cents.
At the last closing share price the estimated dividend yield is 3.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 205.1, implying annual growth of N/A.
Current consensus DPS estimate is 116.5, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 14.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 118.30 cents and EPS of 225.17 cents.
At the last closing share price the estimated dividend yield is 3.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 208.1, implying annual growth of 1.5%.
Current consensus DPS estimate is 116.0, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 14.5.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CSL    CSL LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $150.01

Jarden rates ((CSL)) as Overweight (2) –

CSL delivered a mixed 1H26 result that was better than Jarden feared, reaffirming FY26 guidance despite reliance on what management described as “informed ambitions” for Immunoglobulin and Albumin.

The broker forecasts FY26 revenue growth of 1.1%, below guidance of 2% to 3% in constant currency, with net profit after tax expected at $3.277bn, around -2.1% below the bottom end of guidance.

Jarden’s earnings forecasts are cut by -2.5%, -3.5% and -3.8% across FY26 to FY28, reflecting weaker Behring revenue and margin assumptions, partially offset by lower opex from cost out initiatives.

Overweight retained, target price reduced to $270.00 from $284.00,

This report was published on February 11, 2026.

Target price is $270.00 Current Price is $150.01 Difference: $119.99
If CSL meets the Jarden target it will return approximately 80% (excluding dividends, fees and charges).
Current consensus price target is $205.76, suggesting upside of 37.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 447.58 cents and EPS of 976.55 cents.
At the last closing share price the estimated dividend yield is 2.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 894.3, implying annual growth of N/A.
Current consensus DPS estimate is 442.2, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 16.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 462.91 cents and EPS of 1078.48 cents.
At the last closing share price the estimated dividend yield is 3.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.91.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1053.7, implying annual growth of 17.8%.
Current consensus DPS estimate is 499.6, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 14.2.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

DYL    DEEP YELLOW LIMITED

Uranium – Overnight Price: $2.42

Canaccord Genuity rates ((DYL)) as Speculative Buy (1) –

Canaccord Genuity raises its target price to $3.01 from 2.48 and retains a Speculative  Buy rating on Deep Yellow post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved, with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 15, 2026.

Target price is $3.01 Current Price is $2.42 Difference: $0.59
If DYL meets the Canaccord Genuity target it will return approximately 24% (excluding dividends, fees and charges).
Current consensus price target is $2.20, suggesting downside of -9.1%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is -3.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Current consensus EPS estimate is 0.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 403.3.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EVN    EVOLUTION MINING LIMITED

Gold & Silver – Overnight Price: $15.44

Jarden rates ((EVN)) as Underweight (4) –

Evolution Mining’s interim result was broadly in line, but Jarden argues the market reaction has been excessive given the “growth” projects announced are largely sustaining in nature.

The broker believes the market is underestimating the capital intensity required to maintain the gold producer’s portfolio, and estimates the current share price implies a long term gold price of around US$4,900/oz.

The interim dividend of 20cps was the standout, while FY26 major project capex guidance rose by around $150m and FY27 to FY30 annual capex guidance increased to -$900m to -$1,100m from -$750m to -$950m.

Jarden’s Underweight retained, target price lifted to $7.20 from $7.10, driven by higher near term gold price assumptions.

This report was published on February 11, 2026.

Target price is $7.20 Current Price is $15.44 Difference: minus $8.24 (current price is over target).
If EVN meets the Jarden target it will return approximately minus 53% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $13.98, suggesting downside of -9.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 44.00 cents and EPS of 86.40 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 110.4, implying annual growth of 137.4%.
Current consensus DPS estimate is 48.8, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 14.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 42.00 cents and EPS of 76.90 cents.
At the last closing share price the estimated dividend yield is 2.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.08.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 114.9, implying annual growth of 4.1%.
Current consensus DPS estimate is 67.8, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 13.4.

Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

FBU    FLETCHER BUILDING LIMITED

Building Products & Services – Overnight Price: $3.09

Jarden rates ((FBU)) as Buy (1) –

Jarden expects Fletcher Building to deliver 1H earnings (EBIT) of NZ$156m, down -6% on the pcp with the improvement in Auckland building consents viewed as a short term inventory build rather than a genuine demand recovery.

A more meaningful upturn is unlikely until calendar 2027. Post the announced sale of the Construction division, the broker lowers its company specific equity risk premium for the stock and the target price is lifted to NZ$4.32 from NZ$4.09. Overweight retained,

This report was published on February 11, 2026.

Current Price is $3.09. Target price not assessed.
Current consensus price target is $2.89, suggesting downside of -6.5%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 14.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.5.

Forecast for FY27:

Current consensus EPS estimate is 18.4, implying annual growth of 27.8%.
Current consensus DPS estimate is 1.1, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 16.8.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

HDN    HOMECO DAILY NEEDS REIT

REITs – Overnight Price: $1.31

Jarden rates ((HDN)) as Buy (1) –

Jarden notes HomeCo Daily Needs REIT delivered 1H26 FFO of 4.4c, slightly below expectations, though FY26 guidance was maintained as refinancing margin improvements offset higher interest rates.

The broker notes $375m of new swaps were added for FY26 to protect near term FFO, while outer year hedging was unchanged, resulting in minimal forecast revisions across FY26 to FY28.

Jarden retains a Buy rating with its target price reduced to $1.55 from $1.65, reflecting a higher rate curve.

The REIT is trading at a -16% discount to NTA with capital management initiatives including a payout ratio reset to 100% of AFFO and potential buybacks announced.

This report was published on February 11, 2026.

Target price is $1.55 Current Price is $1.31 Difference: $0.24
If HDN meets the Jarden target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $1.41, suggesting upside of 7.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.00 cents.
At the last closing share price the estimated dividend yield is 6.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.0, implying annual growth of -25.1%.
Current consensus DPS estimate is 8.7, implying a prospective dividend yield of 6.6%.
Current consensus EPS estimate suggests the PER is 14.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 9.20 cents and EPS of 9.40 cents.
At the last closing share price the estimated dividend yield is 7.02%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.94.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.2, implying annual growth of 2.2%.
Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 6.8%.
Current consensus EPS estimate suggests the PER is 14.2.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

JHX    JAMES HARDIE INDUSTRIES PLC

Building Products & Services – Overnight Price: $36.54

Jarden rates ((JHX)) as Overweight (2) –

James Hardie Industries delivered 3Q26 adjusted EPS of US$0.24, coming in 7.4% ahead of consensus, driven by strong average selling price growth of 5% despite volumes declining around -7% y/y, Jarden  observes.

The broker highlights pricing contributed around 4% and mix 1%, with R&R demand stabilising even as new construction activity remained weak.

Guidance for Siding and Trim implies modest QoQ sales growth but lower EBITDA due to elevated marketing and SGA spend, with the broker’s forecasts sitting above the top end of guidance.

FY26 to FY28 EPS forecasts are lifted by 4.1%, 4.7% and 3.4%, reflecting stronger pricing expectations. Overweight rating retained with target price increased to $40.50 from $37.17 on higher earnings assumptions.

This report was published on February 11, 2026.

Target price is $40.50 Current Price is $36.54 Difference: $3.96
If JHX meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $40.56, suggesting upside of 11.0%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 173.82 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 154.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 23.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 199.11 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.35.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 177.5, implying annual growth of 14.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 20.6.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

LAM    LARAMIDE RESOURCES LIMITED

Uranium – Overnight Price: $0.85

Canaccord Genuity rates ((LAM)) as Speculative Buy (1) –

Canaccord Genuity raises its target price to $1.55 from $1.30 and retains a Speculative Buy rating on Laramide Resources post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved, with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $1.55 Current Price is $0.85 Difference: $0.7
If LAM meets the Canaccord Genuity target it will return approximately 82% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.68 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 23.10.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 5.67 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.99.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MM1    MIDAS MINERALS LIMITED

Copper – Overnight Price: $0.74

Canaccord Genuity rates ((MM1)) as Initiation of coverage with Speculative Buy (1) –

Canaccord Genuity initiates on Midas Minerals with Speculative Buy and a $1.35 target, implying P/NAV 0.51x, backing leverage to the 100%-owned Otavi Copper project in northern Namibia.

The broker argues the Otavi Fold Belt is underexplored despite Central African Copper Belt analogues and notes only around 36% of the 1,776km2 tenure has seen modern exploration.

Canaccord models a risked 500kt CuEq exploration target across T13/T13 West/Deblin/Spaatzu and expects a maiden JORC resource at T13 in MarQ’26, aided by favourable metallurgy (up to ~85% oxide and >90% sulphide flotation recoveries, 25–35% Cu concentrates).

Catalysts are ongoing multi-rig drilling and the maiden resource, while risks include exploration/resource conversion, Namibia/geopolitical and funding needs plus commodity/FX volatility.

This report was published on February 9, 2026.

Target price is $1.35 Current Price is $0.74 Difference: $0.61
If MM1 meets the Canaccord Genuity target it will return approximately 82% (excluding dividends, fees and charges).

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MQG    MACQUARIE GROUP LIMITED

Wealth Management & Investments – Overnight Price: $216.17

Jarden rates ((MQG)) as Buy (1) –

Jarden lifts its target price on Macquarie Group to $240 from $220 with a Buy rating post the operational briefing and 3Q26 update.

This report was published on February 11, 2026.

Target price is $240.00 Current Price is $216.17 Difference: $23.83
If MQG meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $229.70, suggesting upside of 6.3%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 700.00 cents and EPS of 1091.40 cents.
At the last closing share price the estimated dividend yield is 3.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.81.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1130.4, implying annual growth of 15.4%.
Current consensus DPS estimate is 718.5, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 19.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 830.00 cents and EPS of 1296.40 cents.
At the last closing share price the estimated dividend yield is 3.84%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1192.8, implying annual growth of 5.5%.
Current consensus DPS estimate is 773.5, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 18.1.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NSR    NATIONAL STORAGE REIT

REITs – Overnight Price: $2.75

Jarden rates ((NSR)) as Neutral (3) –

National Storage REIT reported 1H26 underlying EPS of 6.0c, marginally below consensus, with FY26 underlying EPS guidance notably absent from the update, Jarden remarks.

The broker rolls forward forecasts incorporating revised bank bill swap rates and lower than expected FY26 tax, resulting in post tax FFO forecast per share growth of 5.7% in FY26, 3.0% in FY27 and 1.8% in FY28.

Commentary highlights the Brookfield and GIC consortium offer at $2.86 per share remains the key focus, with the scheme progressing to timetable and implementation expected in 2Q calendar 2026.

Jarden’s Neutral retained, target price unchanged at $2.90, with the broker viewing the stock as largely re-rated and trading at a premium to updated NTA

This report was published on February 11, 2026.

Target price is $2.90 Current Price is $2.75 Difference: $0.15
If NSR meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $2.76, suggesting upside of 0.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 11.80 cents and EPS of 12.20 cents.
At the last closing share price the estimated dividend yield is 4.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.54.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.2, implying annual growth of -28.5%.
Current consensus DPS estimate is 11.5, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 22.5.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 12.10 cents and EPS of 12.60 cents.
At the last closing share price the estimated dividend yield is 4.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.4, implying annual growth of 1.6%.
Current consensus DPS estimate is 11.5, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 22.2.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NWS    NEWS CORPORATION

Print, Radio & TV – Overnight Price: $36.36

Jarden rates ((NWS)) as Upgrade to Buy from Overweight (1) –

Jarden upgrades News Corp to Buy from Overweight, target price reduced to $46.80 from $48.60, incorporating a roughly -10% cut to the REA Group ((REA)) valuation.

At first glance, the analyst notes earnings (EBITDA) in 2Q26 came in 6% ahead of consensus, reflecting a strong quarterly performance. Dow Jones maintained solid momentum, while Professional Information Services revenue rose 12%.

Amid recent AI concerns, the broker highlights News’ proprietary data assets and real time content as a competitive moat against AI related disruption.

Near term EPS forecasts are lifted by 5% to 7%, largely driven by a stronger AUD.

This report was published on February 11, 2026.

Target price is $46.80 Current Price is $36.36 Difference: $10.44
If NWS meets the Jarden target it will return approximately 29% (excluding dividends, fees and charges).
Current consensus price target is $54.95, suggesting upside of 51.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 EPS of 163.24 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 150.8, implying annual growth of N/A.
Current consensus DPS estimate is 28.3, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 24.1.

Forecast for FY27:

Jarden forecasts a full year FY27 EPS of 192.37 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.90.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 187.0, implying annual growth of 24.0%.
Current consensus DPS estimate is 28.3, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 19.4.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PDN    PALADIN ENERGY LIMITED

Uranium – Overnight Price: $11.68

Canaccord Genuity rates ((PDN)) as Buy (1) –

Canaccord Genuity raises its target price to $15.95 from $13.60 and retains a  Buy rating on Paladin Energy post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved, with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $15.95 Current Price is $11.68 Difference: $4.27
If PDN meets the Canaccord Genuity target it will return approximately 37% (excluding dividends, fees and charges).
Current consensus price target is $11.93, suggesting upside of 2.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 EPS of 7.96 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 146.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 108.1.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 EPS of 28.82 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 40.53.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 49.5, implying annual growth of 358.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 23.6.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PEN    PENINSULA ENERGY LIMITED

Uranium – Overnight Price: $0.69

Canaccord Genuity rates ((PEN)) as Buy (1) –

Canaccord Genuity raises its target price to $1.53 from $1.29 and retains a Speculative Buy rating on Peninsula Energy post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $1.53 Current Price is $0.69 Difference: $0.84
If PEN meets the Canaccord Genuity target it will return approximately 122% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 5.21 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 13.24.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 EPS of 3.07 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.50.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PSC    PROSPECT RESOURCES LIMITED

New Battery Elements – Overnight Price: $0.42

Canaccord Genuity rates ((PSC)) as Speculative Buy (1) –

Prospect Resources has released a Mumbezhi MRE upgrade to 173.8Mt at 0.44% Cu plus 0.03% Co and 0.02g/t Au, lifting tonnes 63% and contained copper 50%, with gold and cobalt included for the first time via multi-element assays.

Canaccord Genuity keeps its Speculative Buy rating and a $0.60 target while noting 41% of the resource is now Indicated and sees scope for higher gold grades once 2,000 re-assays are reported, while the company flags a maiden West Mwombezhi resource and an updated Exploration Target (currently 420–1,050Mt at 0.4–0.6% Cu) over the coming quarter.

Phase 3 drilling is due to start in JunQ’26 after the wet season (c16,000m diamond, 2,000m RC and 8,000m aircore), and the broker continues to value a 5Mtpa standalone case producing 23ktpa copper, while also pointing to potential Sentinel optionality given First Quantum’s 15% shareholding.

This report was published on February 9, 2026.

Target price is $0.60 Current Price is $0.42 Difference: $0.18
If PSC meets the Canaccord Genuity target it will return approximately 43% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.00.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 42.00.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

RGN    REGION GROUP

REITs – Overnight Price: $2.27

Jarden rates ((RGN)) as Neutral (3) –

Jarden observes Region Group announced an in-line 1H26 with FY26 FFO guidance upgraded to 16.0c from 15.9c.

Net operating income guidance of 3.3% growth appears conservative (1H26 3.7%) and should be supported by positive leasing outcomes.

The REIT’s capital management increased medium-term hedging protection with FY28 hedging rising to 70% from 56%. The broker’s FFO assumptions for FY29 onwards have been revised lower by around 4% as hedging rolls off.

Jarden retains a Neutral rating and lowers the target price to $2.55 from $2.65.

This report was published on February 11, 2026.

Target price is $2.55 Current Price is $2.27 Difference: $0.28
If RGN meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $2.37, suggesting upside of 4.5%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 15.8, implying annual growth of -13.6%.
Current consensus DPS estimate is 14.1, implying a prospective dividend yield of 6.2%.
Current consensus EPS estimate suggests the PER is 14.4.

Forecast for FY27:

Current consensus EPS estimate is 16.5, implying annual growth of 4.4%.
Current consensus DPS estimate is 14.7, implying a prospective dividend yield of 6.5%.
Current consensus EPS estimate suggests the PER is 13.8.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

RKN    RECKON LIMITED

Accountancy – Overnight Price: $0.53

Moelis rates ((RKN)) as Buy (1) –

Moelis keeps Reckon on Buy with a target of $1.05, arguing the stock’s discounted multiples largely reflect strategic constraints under a legacy Intuit licence.

2025 earnings exceeded the broker’s estimates on cost discipline and higher margins, prompting a rebasing of costs and a 13.9% uplift to 2026 forecast earnings.

Moelis sees re-rating potential if management can accelerate customer migration to the proprietary Reckon One platform over the next 2–3 years, with an Inventory module planned for 2026 to bridge functionality gaps and enable faster migration.

The broker notes accounting subscriber numbers were flat in 1H25 yet ARPU continued to rise and net debt fell, while Legal division momentum lifted segment revenue growth to over 12% and Zebraworks shows early traction with circa 5,000 attorneys.

Commentary points to scope to nearly double billing services ARR from $1.4m in 2026E as installations convert to billing revenue.

This report was published on February 10, 2026.

Target price is $1.05 Current Price is $0.53 Difference: $0.52
If RKN meets the Moelis target it will return approximately 98% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 2.50 cents and EPS of 6.40 cents.
At the last closing share price the estimated dividend yield is 4.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.28.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 2.50 cents and EPS of 7.40 cents.
At the last closing share price the estimated dividend yield is 4.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.16.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SLX    SILEX SYSTEMS LIMITED

Uranium – Overnight Price: $6.65

Canaccord Genuity rates ((SLX)) as Speculative Buy (1) –

Canaccord Genuity raises its target price to $10.48 from $9.42 and retains a Speculative Buy rating on Silex Systems post a change in the broker’s outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.

This report was published on February 8, 2026.

Target price is $10.48 Current Price is $6.65 Difference: $3.83
If SLX meets the Canaccord Genuity target it will return approximately 58% (excluding dividends, fees and charges).

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SPG    SPC GLOBAL HOLDINGS LIMITED

Food, Beverages & Tobacco – Overnight Price: $0.34

Canaccord Genuity rates ((SPG)) as Buy (1) –

Canaccord Genuity maintains its Buy and a $0.85 target for SPC Global Holdings, arguing the market is under-valuing Nature One as a high-margin growth asset within the group.

Nature One sales rose to $50.8m net revenue in FY25 from $16.8m in FY22 and generated $13.6m pro forma normalised EBITDA (around 45% of group normalised EBITDA), with Canaccord estimating about $16m EBITDA in FY26 and a notional valuation of $80-115m (5-7x EBITDA).

The broker points to international markets contributing 45% of FY25 normalised EBITDA and multiple export agreements as a capital-light growth lever, supporting management’s FY26 target of 25%-plus EBITDA growth (implying around $38m) plus further synergies and working-capital gains.

The next catalyst is the 1H26 result due 26 February, commentary suggests, while risks include integration and synergy delivery, funding/debt levels, customer reliance, labour cost inflation and competition/raw material supply.

This report was published on February 9, 2026.

Target price is $0.85 Current Price is $0.34 Difference: $0.51
If SPG meets the Canaccord Genuity target it will return approximately 150% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.02 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.26.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.00.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

STO    SANTOS LIMITED

NatGas – Overnight Price: $6.70

Jarden rates ((STO)) as Underweight (4) –

Santos has released its 2025 reserves report and financial line item guidance ahead of full year results, with Jarden highlighting weak organic 2P reserves replacement of just 14% over the past three years.

The broker attributes the low replacement rate to capital being prioritised toward Barossa LNG and Pikka, alongside lower exploration and appraisal spend and slow progress on unsanctioned projects.

Santos could reclassify around 200mmboe from contingent resources into 2P reserves if Papua LNG is sanctioned this year, with exploration and appraisal spend set to rise to $250m to $300m in 2026.

New financial guidance ranges lead the broker to cut 2025 underlying NPAT forecasts by -2.6% to $897m with an Underweight rating retained, target price unchanged at $6.00.

This report was published on February 11, 2026.

Target price is $6.00 Current Price is $6.70 Difference: minus $0.7 (current price is over target).
If STO meets the Jarden target it will return approximately minus 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $7.20, suggesting upside of 7.5%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 34.49 cents and EPS of 42.31 cents.
At the last closing share price the estimated dividend yield is 5.15%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.84.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 40.5, implying annual growth of N/A.
Current consensus DPS estimate is 31.9, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 16.5.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 34.95 cents and EPS of 40.16 cents.
At the last closing share price the estimated dividend yield is 5.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.68.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 43.1, implying annual growth of 6.4%.
Current consensus DPS estimate is 31.9, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 15.5.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TPG    TPG TELECOM LIMITED

Telecommunication – Overnight Price: $3.80

Jarden rates ((TPG)) as Overweight (2) –

Ahead of TPG Telecom’s 2025 earnings (EBITDA) result which Jarden expects will come in at $1,632m the broker retains an Overweight rating and lifts its target price to $3.95 from $3.70, due to a lower share count assumption following the scaled back institutional placement.

Management is expected to remain disciplined on costs and focused on growth and free cash flow to support sustainable dividend expansion, which the broker believes underpins confidence in the outlook.

A key medium term risk is the approximately $2.3bn in spectrum payments due across 2028 to 2030, which could limit dividend growth, depending on payment terms.

This report was published on February 11, 2026.

Target price is $3.95 Current Price is $3.80 Difference: $0.15
If TPG meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $4.18, suggesting upside of 10.0%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 EPS of 7.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 48.10.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.1, implying annual growth of N/A.
Current consensus DPS estimate is 18.3, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 31.4.

Forecast for FY26:

Jarden forecasts a full year FY26 EPS of 11.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 16.2, implying annual growth of 33.9%.
Current consensus DPS estimate is 19.3, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 23.5.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TPW    TEMPLE & WEBSTER GROUP LIMITED

Furniture & Renovation – Overnight Price: $7.60

Jarden rates ((TPW)) as Downgrade to Overweight from Buy (2) –

Temple & Webster’s 1H26 result missed on earnings, with EBITDA around -7% below consensus and net profit down around -28%, as heavier discounting offset slightly better sales, Jarden explains.

The broker notes sales momentum improved through the half, estimating growth accelerated to 22% in Nov and Dec, while 2H26 year-to-date revenue is tracking around 20% higher y/y.

Margins are the key issue, with 1H26 EBITDA margin of 3.6% below expectations, driven by a roughly -100bp miss in delivered margins to around 30.5% as the online retailers funded more aggressive promotions.

Jarden downgrades the stock to Overweight from Buy and its target price is cut to $10.90 from $19.90, with FY26 to FY28 EPS forecasts reduced by -21% to -33% to reflect higher macro and execution risk.

This report was published on February 12, 2026.

Target price is $10.90 Current Price is $7.60 Difference: $3.3
If TPW meets the Jarden target it will return approximately 43% (excluding dividends, fees and charges).
Current consensus price target is $15.88, suggesting upside of 108.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 88.37.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.9, implying annual growth of 4.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 76.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 15.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 49.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.2, implying annual growth of 83.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 41.8.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TWE    TREASURY WINE ESTATES LIMITED

Food, Beverages & Tobacco – Overnight Price: $5.24

Jarden rates ((TWE)) as Downgrade to Neutral from Overweight (3) –

Treasury Wine Estates pre released 1H26 earnings (EBITS) around 3% above market expectations and announced a settlement with RNDC (Republic National Distributing Company.

Jarden estimates the RNDC outcome represents a net -US$65m cash flow drag in 2H26 from product buyback, which should unwind into FY27.

The broker points to early signs of improvement in the US, with Nielsen wine data positive y/y in January, and notes luxury wine trends have also begun to stabilise globally.

Jarden downgrades the stock to Neutral  from Overweight and target price cut to $5.40 from $5.60, reflecting lower FY27 and FY28 earnings forecasts.

This report was published on February 11, 2026.

Target price is $5.40 Current Price is $5.24 Difference: $0.16
If TWE meets the Jarden target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $5.02, suggesting downside of -4.3%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 35.4, implying annual growth of -34.2%.
Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 14.8.

Forecast for FY27:

Current consensus EPS estimate is 39.4, implying annual growth of 11.3%.
Current consensus DPS estimate is 19.0, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 13.3.

Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WEB    WEB TRAVEL GROUP LIMITED

Travel, Leisure & Tourism – Overnight Price: $3.48

Canaccord Genuity rates ((WEB)) as Buy (1) –

Web Travel has announced the Spanish Tax Agency has commenced an audit of its Spanish subsidiary covering direct taxes for the period April 2021 to March 2024 and indirect taxes for the period January 2022 to December 2025.

Given the context of Corporate Travel Management’s ((CTD)) customer audit issues and subsequent suspension from trading, Web Travel’s CFO’s planned departure, earnings misses and the uncertainty this announcement creates, Canaccord Genuity can see why the material share price reaction. 

But Canaccord is confident the share price reaction is significantly overdone.

While AI concerns remain a backdrop (Canaccord believes Web Travel is better placed than many technology businesses to withstand this disruption), the broker expects the share price to recapture much if not all of those losses.

Buy and $6.40 target retained.

This report was published on February 13, 2026.

Target price is $6.40 Current Price is $3.48 Difference: $2.92
If WEB meets the Canaccord Genuity target it will return approximately 84% (excluding dividends, fees and charges).
Current consensus price target is $5.84, suggesting upside of 67.7%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 23.8, implying annual growth of -54.4%.
Current consensus DPS estimate is 1.4, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 14.6.

Forecast for FY27:

Current consensus EPS estimate is 32.2, implying annual growth of 35.3%.
Current consensus DPS estimate is 2.1, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 10.8.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Jarden rates ((WEB)) as Overweight (2) –

Jarden cuts its target to $5.70 from $5.90 (-3%) and retains Overweight after Web Travel reassures on trading and management has declared the Spanish tax audit is not material.

FY26 guidance is reaffirmed for EBITDA of $147-155m, while the broker flags management commentary pointing to double-digit bookings (and TTV) growth in FY27, with share gains continuing and market growth improving.

On the audit, Web Travel says it is early (questionnaire just received), Spain is under-represented in EU revenue versus peers, and prior tax audits can take years.

Jarden infers any financial impact is likely immaterial on current information, noting VAT would be the bigger risk if relevant.

This report was published on February 10, 2026.

Target price is $5.70 Current Price is $3.48 Difference: $2.22
If WEB meets the Jarden target it will return approximately 64% (excluding dividends, fees and charges).
Current consensus price target is $5.84, suggesting upside of 67.7%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 3.00 cents and EPS of 24.30 cents.
At the last closing share price the estimated dividend yield is 0.86%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.32.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.8, implying annual growth of -54.4%.
Current consensus DPS estimate is 1.4, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 14.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 14.00 cents and EPS of 33.20 cents.
At the last closing share price the estimated dividend yield is 4.02%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 32.2, implying annual growth of 35.3%.
Current consensus DPS estimate is 2.1, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 10.8.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.

This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

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