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Weekly Ratings, Targets, Forecast Changes – 27-03-26

Weekly Reports | Mar 30 2026

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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

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

By Mark Woodruff

Guide:

The FNArena database tabulates the views of seven major Australian and international stockbrokers: Citi, Bell Potter, Macquarie, Morgan Stanley, Morgans, Ord Minnett, and UBS.

For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.

Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.

Summary

Period: Monday March 23 to Friday March 27, 2026
Total Upgrades: 11
Total Downgrades: 14
Net Ratings Breakdown: Buy 65.93%; Hold 26.81%; Sell 7.26%

For the week ending Friday, March 27, 2026, FNArena recorded eleven upgrades and fourteen downgrades from the seven brokers monitored daily across ASX-listed companies.

National Australia Bank received ratings downgrades from Morgan Stanley and Macquarie to Underweight and Neutral, respectively.

Morgan Stanley noted higher interest rates, tighter monetary policy and rising fuel costs are emerging headwinds for the Australian economy and moved its industry view on Australian banks to Cautious from In-Line.

NAB and ANZ Bank have greater exposure to diesel-intensive industries than Westpac and CommBank, highlighted the analysts. Potential for higher collective provisions in the upcoming reporting period was also flagged.

In moving its stance on the Banking sector to Underweight, Macquarie agreed elevated energy prices and higher interest rates are increasing risks to credit growth and bad debt charges.

Despite recent resilience, history suggests downside risk to bank share prices, as oil price shocks begin to flow through to earnings and valuations.

In contrast, Ord Minnett noted the outlook for banks remains positive, supported by strong lending volumes, rising interest rates and wider three-to-five year interest rate swap spreads.

This broker conceded a prolonged energy shock could weigh on global and domestic activity, increasing the risk of a sector-wide sell-off from previously elevated valuations.

NAB was highlighted as having the highest exposure to agriculture, a sector under pressure, though fully secured lending suggests limited risk of material losses.

For a further summary on broker views around the impact on the Banking sector from both oil and artificial intelligence see https://fnarena.com/index.php/2026/03/25/australian-banks-impact-of-oil-shocks-and-ai/

Percentage falls in average target prices for the week exceed increases in the tables below, while, apart from the top two positions, increases in average earnings forecasts outweigh the week’s downgrades.

The top seven rises in average earnings forecasts relate to stocks in the Lithium and Oil & Gas sectors.

UBS highlighted deficits continue for lithium with tightening risk from higher demand for both electric vehicles (EV) and battery energy storage systems (BESS). US$4,000/t spodumene is forecast by the end of 2026 or early 2027.

A compelling risk-reward profile is seen for lithium, with potential for another up-cycle supported by Middle East conflict-driven strength in EV demand.

Liontown Resources, PLS Group and IGO Ltd feature in the earnings upgrade table below, with UBS selecting Buy-rated Liontown and Mineral Resources as key picks. The broker upgraded its rating for IGO to Buy from Neutral and downgraded PLS Group to Neutral from Buy (on valuation).

Santos, Woodside Energy and Beach Energy are also prominent in the forecast earnings upgrade table after a separate report by UBS earlier in the week.

The analysts again lifted their oil and LNG price forecasts, reflecting ongoing escalation in Iran and the extended disruption to flows through the Strait of Hormuz.

The broker’s base case assumes a further two-to-three weeks of disruption, with flows remaining severely constrained and damage to critical energy infrastructure sustaining elevated risk premiums.

The 2026 average Brent oil price forecast was hoisted to US$86/bbl from US$72/bbl, with UBS now expecting second quarter Brent at US$100/bbl, up from US$74/bbl prior.

2026-2028 Japan Korea Marker (JKM) LNG price forecasts were also lifted to $23.6/mmbtu in 2026 and $14.5/$11/mmbtu for 2027/28, reflecting supply risks following strikes on Qatar’s Ras Laffan LNG facility. JKM is the benchmark price for spot LNG in Asia.

The 12-month target price for Santos increased to $8.80 from $8.20 with further charting support highlighted at  https://fnarena.com/index.php/2026/03/24/buying-the-santos-dip/

On the flipside, Synlait Milk received the largest downgrade to average FY26 earnings forecasts by brokers following another weak interim earnings release, as explained at https://fnarena.com/index.php/2026/03/25/fnarena-corporate-results-monitor-25-03-2026/

TPG Telecom is next on the earnings downgrade table after Macquarie made a minor downward adjustment to its FY26 forecast.

Overall, the broker remained positive on the stock with an unchanged Outperform rating and higher target of $4.40, up from $4.20.

The company is pushing aggressively on mobile growth, explained the analyst, with Vodafone prepaid price increases and strong active customer services growth versus peers supporting above-inflation mobile services growth.

This broker’s lower capex assumptions for FY28 and FY29 also reflect improved progress on cost reductions.

The average earnings forecast for DigiCo Infrastructure REIT fell by circa -10% after interim earnings had come in -9.2% below the consensus forecast.

Morgans attributed this miss to tenant reconfiguration works during the period, noting FY26 underlying earnings guidance was reaffirmed despite currency headwinds.

The REIT continues to trade at a -50% discount to net asset value, with the broker noting this does not include the full value of the 88MW SYD1 data centre expansion, which management estimates could add $1.50 per security at a targeted 15% yield on cost.

Morgans sees an opportunity for investors, retaining a Buy rating. The broker’s target was lowered to $4.15 from $4.30.

While Premier Investments heads up the fall in average price target list below, analysts observe shares are trading at a sizeable discount to valuation and see potential from management’s upcoming reset of children’s school supplies retailer Smiggle.

For analysis of broker views on Premier see https://fnarena.com/index.php/2026/03/24/premier-investments-counts-on-smiggle-refresh/

Amplitude Energy’s average target in the FNArena database fell around -9% last week after the company confirmed it is now 0-for-2 in its East Coast Supply Project’s (ECSP) exploration program.

While the Isabella well flowed gas to surface, Morgans noted it failed to sustain pressure and flow, a disappointing outcome given it was the program’s largest target.

While Amplitude’s balance sheet and $100m in first half earnings provide some buffer, the next drilling result is considered critical to the investment thesis, with only two wells remaining.

A final investment decision (FID) for the ECSP has now been deferred until these subsequent wells are drilled, expected in the second half of 2026. Morgans lowered its target for Amplitude to $3.00 from $3.50.

Bell Potter applied a higher risk discount to the project, reducing its target price to $2.70 from $3.40, with existing producing assets accounting for around $2.50 per share.

Buy ratings remain elevated at 65.93%, with Sell ratings at just 7.26%, leaving 26.81% as Neutral/Hold.

Upgrade

AUSSIE BROADBAND LIMITED ((ABB)) Upgrade to Outperform from Neutral by Macquarie .B/H/S: 5/0/0

Macquarie notes both Aussie Broadband and Superloop offer defensive earnings profiles amid rising rates and inflation, with Superloop additionally benefiting from down-trading through its discount Exetel brand.

Amid a volatile macro backdrop, both challenger NBN players continue to deliver resilient consumer share gains while diversifying into adjacent services via balance sheet deployment, the analyst explains.

The broker upgrades Aussie Broadband to Outperform from Neutral, reflecting recent share price weakness and supportive valuation analysis. The $5.30 target is unchanged.

While Aussie screens cheaper, Macquarie views Superloop’s earnings growth as higher quality, supported by fibre to the premises (FTTP) contributions and a superior, faster-growing Wholesale contract.

DALRYMPLE BAY INFRASTRUCTURE LIMITED ((DBI)) Upgrade to Outperform from Neutral by Macquarie .B/H/S: 3/0/0

Macquarie highlights Dalrymple Bay Infrastructure’s earnings stability, underpinned by take-or-pay contracts that insulate revenue from diesel shortages.

Inflation-linked pricing and exposure to higher bond yields are seen as supporting near-term earnings and cash flow growth.

Commentary notes favourable bond resets with hedged debt enhancing earnings visibility, while growth remains supported regardless of expansion timing.

In short, the valuation is attractive, in Macquarie’s view, with strong yield and growth outlook, supported by inflation and bond tailwinds. Target eases to $5.39 from $5.45. The rating is upgraded to Outperform from Neutral.

DETERRA ROYALTIES LIMITED ((DRR)) Upgrade to Neutral from Sell by UBS .B/H/S: 3/2/0

UBS upgrades Deterra Royalties to Neutral from Sell with a $3.95 target price.

The broker sees commodities being impacted by the Middle East conflict. Under a ceasefire, and if the Strait of Hormuz opens by early April, the analyst points to copper and copper shares rallying, with aluminum and coal to consolidate or decline. Iron ore remains a more China-centric play.

In the case of an energy price shock and extended conflict (over 2 months), UBS sees more downside to copper and further upside to aluminum and coal.

Gold is expected to recover to its “safe haven/diversifier” status despite the change in USD strength and higher bond yields.

EVOLUTION MINING LIMITED ((EVN)) Upgrade to Neutral from Sell by UBS .B/H/S: 2/3/1

UBS upgrades Evolution Mining to Neutral from Sell with a $12.50 target price.

The broker sees commodities being impacted by the Middle East conflict. Under a ceasefire, and if the Strait of Hormuz opens by early April, the analyst points to copper and copper shares rallying, with aluminum and coal to consolidate or decline. Iron ore remains a more China-centric play.

In the case of an energy price shock and extended conflict (over 2 months), UBS sees more downside to copper and further upside to aluminum and coal.

Gold is expected to recover to its “safe haven/diversifier” status despite the change in USD strength and higher bond yields.

Key gold picks remain Newmont ((NEM)) and Genesis Minerals ((GMD)).

GOODMAN GROUP ((GMG)) Upgrade to Buy from Accumulate by Morgans .B/H/S: 6/1/0

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans upgrades Goodman Group to Buy from Accumulate and reduces its target to $32.45 from $36.05.

HUB24 LIMITED ((HUB)) Upgrade to Outperform from Neutral by Macquarie .B/H/S: 6/1/0

Given the ongoing conflict in the Middle East as weaker global and local markets weigh on funds under management Macquarie notes marginal support for US dollar-exposed funds.

The broker expects Hub24 to take market share in the coming 1-2 years, forecast to grow earnings by more than 20% over the medium term. Valuation has de-rated materially over recent months amid concerns around the sustainability of platforms in the context of AI, with Macquarie suggesting this is an “overblown risk”.

As the stock is trading at 2.63x equivalent to a -10% discount to the 5-year average the rating is upgraded to Outperform from Neutral. Target is reduced to $92.25 from $106.10.

IGO LIMITED ((IGO)) Upgrade to Buy from Neutral by UBS .B/H/S: 3/1/1

UBS upgrades IGO Ltd to Buy from Neutral, with an $8.55 target price.

The broker continues to view there is an attractive “risk-reward” in lithium and the possibility of another upcycle, as the Middle East conflict supports EV demand.

There are ongoing lithium deficits, with scope for further tightening driven by higher EV and battery storage demand, with US$4,000/t spodumene expected by the end of 2026 or early 2027.

Liontown ((LTR)) and Mineral Resources ((MIN)) are also key picks.

SANDFIRE RESOURCES LIMITED ((SFR)) Upgrade to Neutral from Sell by UBS .B/H/S: 1/3/1

UBS upgrades Sandfire Resources to a Neutral rating from Sell with a $17.70 target price.

The broker sees commodities being impacted by the Middle East conflict. Under a ceasefire, and if the Strait of Hormuz opens by early April, the analyst points to copper and copper shares rallying, with aluminum and coal to consolidate or decline. Iron ore remains a more China-centric play.

In the case of an energy price shock and extended conflict (over 2 months), UBS sees more downside to copper and further upside to aluminum and coal.

Gold is expected to recover to its “safe haven/diversifier” status despite the change in USD strength and higher bond yields.

SIGMA HEALTHCARE LIMITED ((SIG)) Upgrade to Buy from Accumulate by Ord Minnett .B/H/S: 4/3/0

Ord Minnett highlights Australian Healthcare as a defensive sector amid volatile global conditions, identifying Regis Healthcare, Integral Diagnostics, Sigma Healthcare and EchoIQ as preferred exposures.

Earnings resilience and multiple growth drivers support the sector, assess the analysts, particularly for companies with strong balance sheets and catalyst pipelines.

The broker notes higher bond yields have driven valuation resets, with weighted average cost of capital (WACC) assumptions lifted and target prices reduced across research coverage.

Cost pressures, the analysts note, are most evident for wholesalers and pathology providers given freight exposure and limited near-term pricing power.

Ord Minnett lowers its target for Sigma Healthcare to $3.30 from $3.40 and upgrades to Buy from Accumulate.

VEEM LIMITED ((VEE)) Upgrade to Accumulate from Hold by Ord Minnett .B/H/S: 2/0/0

First half results from Veem underwhelmed Ord Minnett, having issued two major downgrades and a write-down. The broker now believes the stock has hit its nadir and is turning the corner.

FY26-FY28 earnings estimates are significantly reduced and the target is lowered to $0.90 from $1.20 yet the rating is upgraded to Accumulate from Hold given a -55% valuation discount.

The broker remains of the view this business has significant submarine, propeller and defence capabilities which will be highly sought after as global defence budgets increase dramatically over the next decade.

WHITEHAVEN COAL LIMITED ((WHC)) Upgrade to Buy from Sell by UBS .B/H/S: 3/3/0

UBS upgrades Whitehaven Coal to Buy from Sell, with a new target price of $10.10.

The broker sees commodities being impacted by the Middle East conflict. Under a ceasefire, and if the Strait of Hormuz opens by early April, the analyst points to copper and copper shares rallying, with aluminum and coal to consolidate or decline. Iron ore remains a more China-centric play.

In the case of an energy price shock and extended conflict (over 2 months), UBS sees more downside to copper and further upside to aluminum and coal.

Downgrade

CENTURIA INDUSTRIAL REIT ((CIP)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 2/4/0

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Centuria Industrial REIT to Hold from Accumulate and reduces its target to $3.05 from $3.60.

COLLINS FOODS LIMITED ((CKF)) Downgrade to Neutral from Buy by Citi .B/H/S: 3/3/0

Following on from the summary of yesterday’s research by Citi on Collins Foods (see below), the broker’s rating is downgraded to Neutral from Buy.

The target is reduced by -19% to $10.45 due to a slower Australian growth assumption and valuation changes.

Citi views Collins Foods’ German acquisition, announced on March 11, as a supportive platform for longer-term growth and a positive catalyst.

Separately, the analysts note risks are rising for the Australian KFC franchise, given pressure on core consumers from higher interest rates and petrol prices.

The broker highlights quick service restaurants (QSR) did not benefit from trade-down in the prior tightening cycle, and a similar outcome is expected this time.

COMPUTERSHARE LIMITED ((CPU)) Downgrade to Hold from Accumulate by Ord Minnett .B/H/S: 1/4/0

Ord Minnett has rejigged its investment view on Computershare given increased inflation expectations and higher bond yields as a result of the Middle East war.

Interest rates are a swing factor for the company as it earns through client balances so rising rates boost earnings.

Yet, the broker notes almost half of its exposure is hedged, which means only a third of client balances have a direct exposure to interest rates, and there is the negative impact that rising interest rates have on operating earnings.

Ord Minnett finds value in the stock, but because of the risks around the outlook in an unstable geopolitical and economic environment, the rating is downgraded to Hold from Accumulate. Target is $36.75.

DEXUS CONVENIENCE RETAIL REIT ((DXC)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 1/1/0

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Dexus Convenience Retail REIT to Hold from Accumulate and reduces its target to $2.50 from $2.90.

DEXUS INDUSTRIA REIT ((DXI)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 2/1/0

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Dexus Industria REIT to Hold from Accumulate and reduces its target to $2.25 from $2.80.

ENDEAVOUR GROUP LIMITED ((EDV)) Downgrade to Neutral from Buy by Citi .B/H/S: 1/4/1

Citi lowers its target for Endeavour Group by -60c to $3.70 and downgrades to Neutral from Buy, citing concerns around softer consumer demand impacting retail and hotel sales.

Commentary notes higher interest rates, fuel costs and inflation will likely pressure household spending and reduce alcohol consumption.

The broker also points to additional headwinds from rising freight costs, with limited ability to pass these through in a weaker environment.

Earnings revisions include lower sales growth and margin assumptions, resulting in Citi’s FY26 profit estimate falling -4% below that of consensus.

GARDA PROPERTY GROUP ((GDF)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 0/1/0

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Garda Property to Hold from Accumulate and reduces its target to $1.00 from $1.35.

HOMECO DAILY NEEDS REIT ((HDN)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 2/3/1

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades HomeCo Daily Needs REIT to Hold from Accumulate and reduces its target to $1.25 from $1.40.

INSURANCE AUSTRALIA GROUP LIMITED ((IAG)) Downgrade to Underweight from Equal-weight by Morgan Stanley .B/H/S: 3/0/1

Morgan Stanley investigates the facets of AI and the technology impacts. Rating on Insurance Australia Group is downgraded to Underweight from Equal weight as the broker envisages less valuation support and AI price discovery risk.

There are some potential risks around disintermediation and price discovery yet the broker suspects AI will be a net positive for insurers and brokers. Positives include cost savings plus higher growth in cyber insurance and premiums for data centres.

The broker points out, down the track, automotive insurers will have to navigate autonomous vehicle disruptions. Insurance Australia Group’s FY28 earnings estimates are upgraded by 2%.

Target is reduced to $6.60 from $7.50. Industry View: In-Line.

MAGELLAN FINANCIAL GROUP LIMITED ((MFG)) Downgrade to Underperform from Neutral by Macquarie .B/H/S: 1/2/1

Given the ongoing conflict in the Middle East as weaker global and local markets weigh on funds under management Macquarie notes marginal support for US dollar-exposed funds.

With flagship funds underperforming benchmarks on a three-year and five-year basis, Macquarie is cautious about Magellan Financial’s net flows. Amid “lack of colour” on underlying earnings at Barrenjoey, the broker adds caution to the earnings outlook.

As the valuation of 14x is above both global investment bank and asset manager peers, Macquarie downgrades to Underperform from Neutral. Target is reduced to $8.55 from $8.65.

NATIONAL AUSTRALIA BANK LIMITED ((NAB)) Downgrade to Neutral from Outperform by Macquarie and Downgrade to Underweight from Equal-weight by Morgan Stanley .B/H/S: 1/1/4

Moving to an Underweight stance on the banking sector, Macquarie reminds investors sustained disruption in energy markets has historically preceded economic slowdowns.

Downside risk for bank share prices is anticipated as oil shocks flow through to earnings and valuations.

The broker explains elevated energy prices and higher interest rates are increasing risks to credit growth and bad debt charges.

Higher bad debt charges have driven around -1-3% EPS downgrades across the sector by Macquarie.

Across the sector, the analyst highlights CommBank holds the highest collective provisions against at-risk exposures, while ANZ Bank has lowest.

This partly reflects ANZ’s greater exposure to institutional borrowers, which typically require lower provisioning and are more likely to have hedging or supply contracts in place.

The target for National Australia Bank falls to $45.50 from $47.00 and the rating is downgraded to Neutral from Outperform due to recent share price outperformance.

Morgan Stanley believes the risks for both earnings downgrades and trading multiple de-ratings are increasing for the banks.

The broker moves its industry view on Australian banks to Cautious and downgrades National Australia Bank to Underweight from Equal weight.

While major banks had a “good” reporting season in February, recent developments could shift operating conditions, Morgan Stanley adds.

Trading multiples remain elevated and consensus estimates assume earnings drivers remain favourable.

National Australia Bank’s share price is up more than 5% so far this year and it is trading on very full multiples, commentary suggests.

National Australia Bank is considered the most vulnerable of the major banks to a shift in operating conditions. Target is reduced to $39.80 from $43.50. Industry view: Cautious.

PLS GROUP LIMITED ((PLS)) Downgrade to Neutral from Buy by UBS .B/H/S: 3/4/0

UBS downgrades PLS Group to Neutral from Buy with a $4.95 target price.

The broker continues to view there is an attractive “risk-reward” in lithium and the possibility of another upcycle, as the Middle East conflict supports EV demand.

There are ongoing lithium deficits, with scope for further tightening driven by higher EV and battery storage demand, with US$4,000/t spodumene expected by the end of 2026 or early 2027.

WAYPOINT REIT LIMITED ((WPR)) Downgrade to Hold from Accumulate by Morgans .B/H/S: 1/1/1

Morgans observes A-REITs delivered largely in line with expectations in what was a “relatively benign” reporting season.

Yet, this is in contrast to the share price performance where the ASX200 A-REIT sector is down -19% over the past six months versus a relatively flat ASX200.

Higher interest rates provide a challenge to the sector over the short to medium term, although the broker believes the recent share price reactions are overdone and give investors a chance to buy into high-quality names that will be first to benefit once inflation expectations moderate.

Morgans downgrades Waypoint REIT to Hold from Accumulate and reduces its target to $2.45 from $2.75.

Total Recommendations
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Recommendation Changes
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Broker Recommendation Breakup
<img alt="3dbar" src="https://www.fnarena.com/charts/fnarena/3dbar.php?mydata=1&mylabels=BellPotter,Citi,Macquarie,MorganStanley,Morgans,OrdMinnett,UBS&b0=238,147,192,101,263,271,158&h0=128,134,162,107,165,132,164&s0=7,25,37,56,26,36,27″ style=”border:1px solid #000000″>

Broker Rating

 

Order Company New Rating Old Rating Broker

Upgrade

1 AUSSIE BROADBAND LIMITED Buy Neutral Macquarie
2 DALRYMPLE BAY INFRASTRUCTURE LIMITED Buy Neutral Macquarie
3 DETERRA ROYALTIES LIMITED Neutral Sell UBS
4 EVOLUTION MINING LIMITED Neutral Sell UBS
5 GOODMAN GROUP Buy Buy Morgans
6 HUB24 LIMITED Buy Neutral Macquarie
7 IGO LIMITED Buy Neutral UBS
8 SANDFIRE RESOURCES LIMITED Neutral Sell UBS
9 SIGMA HEALTHCARE LIMITED Buy Buy Ord Minnett
10 VEEM LIMITED Buy N/A Ord Minnett
11 WHITEHAVEN COAL LIMITED Buy Sell UBS

Downgrade

12 CENTURIA INDUSTRIAL REIT Neutral Buy Morgans
13 COLLINS FOODS LIMITED Neutral Buy Citi
14 COMPUTERSHARE LIMITED Neutral Buy Ord Minnett
15 DEXUS CONVENIENCE RETAIL REIT Neutral Buy Morgans
16 DEXUS INDUSTRIA REIT Neutral Buy Morgans
17 ENDEAVOUR GROUP LIMITED Neutral Buy Citi
18 GARDA PROPERTY GROUP Neutral Buy Morgans
19 HOMECO DAILY NEEDS REIT Neutral Buy Morgans
20 INSURANCE AUSTRALIA GROUP LIMITED Sell Neutral Morgan Stanley
21 MAGELLAN FINANCIAL GROUP LIMITED Sell Neutral Macquarie
22 NATIONAL AUSTRALIA BANK LIMITED Neutral Buy Macquarie
23 NATIONAL AUSTRALIA BANK LIMITED Sell Neutral Morgan Stanley
24 PLS GROUP LIMITED Neutral Neutral UBS
25 WAYPOINT REIT LIMITED Neutral Buy Morgans

Target Price

Positive Change Covered by at least 3 Brokers

Order Symbol Company New Target Previous Target Change Recs
1 WHC WHITEHAVEN COAL LIMITED 9.142 8.775 4.18% 6
2 LIC LIFESTYLE COMMUNITIES LIMITED 5.663 5.525 2.50% 4
3 NHC NEW HOPE CORPORATION LIMITED 4.750 4.663 1.87% 4
4 TAH TABCORP HOLDINGS LIMITED 1.120 1.102 1.63% 5
5 BPT BEACH ENERGY LIMITED 1.083 1.069 1.31% 7
6 STO SANTOS LIMITED 7.800 7.700 1.30% 6
7 WDS WOODSIDE ENERGY GROUP LIMITED 29.083 28.733 1.22% 6
8 TPG TPG TELECOM LIMITED 4.078 4.038 0.99% 5
9 CNI CENTURIA CAPITAL GROUP 2.072 2.052 0.97% 5
10 TLS TELSTRA GROUP LIMITED 5.357 5.307 0.94% 6

Negative Change Covered by at least 3 Brokers

Order Symbol Company New Target Previous Target Change Recs
1 PMV PREMIER INVESTMENTS LIMITED 17.533 20.233 -13.34% 6
2 AEL AMPLITUDE ENERGY LIMITED 2.933 3.233 -9.28% 4
3 DGT DIGICO INFRASTRUCTURE REIT 3.468 3.758 -7.72% 5
4 DXI DEXUS INDUSTRIA REIT 2.727 2.910 -6.29% 3
5 HCW HEALTHCO HEALTHCARE & WELLNESS REIT 0.825 0.875 -5.71% 4
6 PPT PERPETUAL LIMITED 20.113 21.250 -5.35% 4
7 CKF COLLINS FOODS LIMITED 11.825 12.408 -4.70% 6
8 HMC HMC CAPITAL LIMITED 3.602 3.777 -4.63% 6
9 OBM ORA BANDA MINING LIMITED 1.767 1.850 -4.49% 3
10 VNT VENTIA SERVICES GROUP LIMITED 6.113 6.400 -4.48% 4

Earnings Forecast

Positive Change Covered by at least 3 Brokers

Order Symbol Company New EF Previous EF Change Recs
1 LTR LIONTOWN LIMITED 2.875 1.875 53.33% 6
2 STO SANTOS LIMITED 71.261 57.054 24.90% 6
3 PLS PLS GROUP LIMITED 15.380 12.780 20.34% 7
4 WDS WOODSIDE ENERGY GROUP LIMITED 222.525 185.710 19.82% 6
5 IGO IGO LIMITED 16.633 15.967 4.17% 5
6 BPT BEACH ENERGY LIMITED 17.529 17.100 2.51% 7
7 ORG ORIGIN ENERGY LIMITED 72.950 71.300 2.31% 5
8 SUN SUNCORP GROUP LIMITED 89.160 87.200 2.25% 6
9 AEL AMPLITUDE ENERGY LIMITED 21.300 20.967 1.59% 4
10 MVF MONASH IVF GROUP LIMITED 5.100 5.025 1.49% 3

Negative Change Covered by at least 3 Brokers

Order Symbol Company New EF Previous EF Change Recs
1 SM1 SYNLAIT MILK LIMITED -4.261 -0.971 -338.83% 3
2 TPG TPG TELECOM LIMITED 6.225 9.125 -31.78% 5
3 DGT DIGICO INFRASTRUCTURE REIT 9.267 10.250 -9.59% 5
4 EVN EVOLUTION MINING LIMITED 110.325 115.159 -4.20% 6
5 PMV PREMIER INVESTMENTS LIMITED 97.675 101.400 -3.67% 6
6 NEM NEWMONT CORPORATION REGISTERED 1444.646 1489.620 -3.02% 5
7 PPT PERPETUAL LIMITED 172.133 176.600 -2.53% 4
8 GMD GENESIS MINERALS LIMITED 54.475 55.725 -2.24% 5
9 GQG GQG PARTNERS INC 22.404 22.781 -1.65% 5
10 SFR SANDFIRE RESOURCES LIMITED 108.084 109.107 -0.94% 5

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CHARTS

ABB CIP CKF CPU DBI DRR DXC DXI EDV EVN GDF GMD GMG HDN HUB IAG IGO LTR MFG MIN NAB NEM PLS SFR SIG VEE WHC WPR

For more info SHARE ANALYSIS: ABB - AUSSIE BROADBAND LIMITED

For more info SHARE ANALYSIS: CIP - CENTURIA INDUSTRIAL REIT

For more info SHARE ANALYSIS: CKF - COLLINS FOODS LIMITED

For more info SHARE ANALYSIS: CPU - COMPUTERSHARE LIMITED

For more info SHARE ANALYSIS: DBI - DALRYMPLE BAY INFRASTRUCTURE LIMITED

For more info SHARE ANALYSIS: DRR - DETERRA ROYALTIES LIMITED

For more info SHARE ANALYSIS: DXC - DEXUS CONVENIENCE RETAIL REIT

For more info SHARE ANALYSIS: DXI - DEXUS INDUSTRIA REIT

For more info SHARE ANALYSIS: EDV - ENDEAVOUR GROUP LIMITED

For more info SHARE ANALYSIS: EVN - EVOLUTION MINING LIMITED

For more info SHARE ANALYSIS: GDF - GARDA PROPERTY GROUP

For more info SHARE ANALYSIS: GMD - GENESIS MINERALS LIMITED

For more info SHARE ANALYSIS: GMG - GOODMAN GROUP

For more info SHARE ANALYSIS: HDN - HOMECO DAILY NEEDS REIT

For more info SHARE ANALYSIS: HUB - HUB24 LIMITED

For more info SHARE ANALYSIS: IAG - INSURANCE AUSTRALIA GROUP LIMITED

For more info SHARE ANALYSIS: IGO - IGO LIMITED

For more info SHARE ANALYSIS: LTR - LIONTOWN LIMITED

For more info SHARE ANALYSIS: MFG - MAGELLAN FINANCIAL GROUP LIMITED

For more info SHARE ANALYSIS: MIN - MINERAL RESOURCES LIMITED

For more info SHARE ANALYSIS: NAB - NATIONAL AUSTRALIA BANK LIMITED

For more info SHARE ANALYSIS: NEM - NEWMONT CORPORATION REGISTERED

For more info SHARE ANALYSIS: PLS - PLS GROUP LIMITED

For more info SHARE ANALYSIS: SFR - SANDFIRE RESOURCES LIMITED

For more info SHARE ANALYSIS: SIG - SIGMA HEALTHCARE LIMITED

For more info SHARE ANALYSIS: VEE - VEEM LIMITED

For more info SHARE ANALYSIS: WHC - WHITEHAVEN COAL LIMITED

For more info SHARE ANALYSIS: WPR - WAYPOINT REIT LIMITED

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