Australian Broker Call
Produced and copyrighted by at www.fnarena.com
July 01, 2022
Access Broker Call Report Archives here
COMPANIES DISCUSSED IN THIS ISSUE
Click on symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1).
Last Updated: 05:00 PM
Your daily news report on the latest recommendation, valuation, forecast and opinion changes.
This report includes concise but limited reviews of research recently published by Stockbrokers, 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.
For more info about the different terms used by stockbrokers, as well as the different methodologies behind similar sounding ratings, download our guide HERE
Overnight Price: $10.71
Citi rates BXB as Buy (1) -
Buy-rated Brambles has decided not to proceed with major customer Costco's transition to plastic pallets and Citi analysts suggest this is a positive.
Despite Brambles throwing in a lot of effort and resources, the analysts note the company could still not make plastic pallets "work", i.e. the return achievable was deemed as too low.
Citi is of the view this diminishes the chances of a competitor grabbing a chunk of market share through plastic pallets, even if this competitor were to accept a lower return. There's also the added complication of a high oil price.
Price target $12.29.
Target price is $12.29 Current Price is $10.71 Difference: $1.58
If BXB meets the Citi target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $12.11, suggesting upside of 9.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 30.31 cents and EPS of 55.53 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 61.6, implying annual growth of N/A. Current consensus DPS estimate is 31.7, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 18.0. |
Forecast for FY23:
Citi forecasts a full year FY23 dividend of 32.79 cents and EPS of 59.93 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 66.0, implying annual growth of 7.1%. Current consensus DPS estimate is 34.5, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 16.8. |
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
Morgan Stanley rates BXB as Underweight (5) -
Morgan Stanley believes Brambles has done well to avoid a material capex bill via its decision not to proceed with plastic pallets supply for Costco. That being said, the threat of a Costco transition to a competitor and flow-on negative impacts is thought to remain.
The Underweight rating and $10.20 target price are unchanged. Industry View: In-Line.
Target price is $10.20 Current Price is $10.71 Difference: minus $0.51 (current price is over target).
If BXB meets the Morgan Stanley target it will return approximately minus 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $12.11, suggesting upside of 9.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Morgan Stanley forecasts a full year FY22 dividend of 30.31 cents and EPS of 56.49 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 61.6, implying annual growth of N/A. Current consensus DPS estimate is 31.7, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 18.0. |
Forecast for FY23:
Morgan Stanley forecasts a full year FY23 dividend of 34.45 cents and EPS of 63.38 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 66.0, implying annual growth of 7.1%. Current consensus DPS estimate is 34.5, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 16.8. |
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
Ord Minnett rates BXB as Buy (1) -
Ord Minnett admires the strong and positive stance taken by Brambles not to proceed with trials to enable a transition to plastic
pallets for its major customer Costco in the US.
Should Costco find an alternate supplier, the broker feels the slack from lost wooden pallet work may be picked up via transformational initiatives and new business wins. The Buy rating and $13.50 target price are retained.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $13.50 Current Price is $10.71 Difference: $2.79
If BXB meets the Ord Minnett target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $12.11, suggesting upside of 9.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Ord Minnett forecasts a full year FY22 dividend of 27.56 cents and EPS of 56.49 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 61.6, implying annual growth of N/A. Current consensus DPS estimate is 31.7, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 18.0. |
Forecast for FY23:
Ord Minnett forecasts a full year FY23 dividend of 30.31 cents and EPS of 59.25 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 66.0, implying annual growth of 7.1%. Current consensus DPS estimate is 34.5, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 16.8. |
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
UBS rates BXB as Buy (1) -
UBS sees some negatives in Brambles not investing in major customer Costco's proposed transition to plastic pallets. These include not participating in a high return project and the potential for losing Costco volume.
However, the broker likes that Brambles stuck to its capital discipline. Trial outcomes showed a lesser return on capital than required by the company. The Buy rating and $13.70 target are retained.
Target price is $13.70 Current Price is $10.71 Difference: $2.99
If BXB meets the UBS target it will return approximately 28% (excluding dividends, fees and charges).
Current consensus price target is $12.11, suggesting upside of 9.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
UBS forecasts a full year FY22 EPS of 74.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 61.6, implying annual growth of N/A. Current consensus DPS estimate is 31.7, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 18.0. |
Forecast for FY23:
UBS forecasts a full year FY23 EPS of 79.91 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 66.0, implying annual growth of 7.1%. Current consensus DPS estimate is 34.5, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 16.8. |
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
FCL FINEOS CORPORATION HOLDINGS PLC
Cloud services
More Research Tools In Stock Analysis - click HERE
Overnight Price: $1.48
Macquarie rates FCL as Outperform (1) -
Taking readthroughs from recent industry commentary, Macquarie has reduced its revenue forecasts for Fineos Corp -8% for both FY23 and FY24, and earnings by -22% and -29% for the same years, with sales cycles not expected to normalise until FY23.
The broker expects Fineos Corp can deliver software revenue growth of 26.0% to June, compared to peers Duck Creek and Guidewire's reported 21.1% and 4.5% growth. Despite this, the broker finds Fineos Corp to be trading at an excessive -75% discount to peers.
The Outperform rating is retained and the target price decreases to $2.89 from $3.06.
Target price is $2.89 Current Price is $1.48 Difference: $1.41
If FCL meets the Macquarie target it will return approximately 95% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 4.66 cents. |
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 5.74 cents. |
This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GOZ GROWTHPOINT PROPERTIES AUSTRALIA
Infra & Property Developers
More Research Tools In Stock Analysis - click HERE
Overnight Price: $3.41
Credit Suisse rates GOZ as Neutral (3) -
With Growthpoint Properties Australia announcing an upgrade to its funds from operations guidance to at least $27.70 cents per share, Credit Suisse has lifted its own forecast 0.9% accordingly, noting higher than expected funding costs remain a risk to earnings.
The broker notes the increase was driven by acquisitions and leasing success in the year, both of which Credit Suisse had already captured in its forecast. The broker expects the benefit will not extend beyond the current year, and retains forecasts past FY22.
The Neutral rating and target price of $4.27 are retained.
Target price is $4.27 Current Price is $3.41 Difference: $0.86
If GOZ meets the Credit Suisse target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $4.28, suggesting upside of 23.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 21.00 cents and EPS of 28.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 25.2, implying annual growth of -64.8%. Current consensus DPS estimate is 20.9, implying a prospective dividend yield of 6.0%. Current consensus EPS estimate suggests the PER is 13.8. |
Forecast for FY23:
Credit Suisse forecasts a full year FY23 dividend of 22.00 cents and EPS of 28.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 24.8, implying annual growth of -1.6%. Current consensus DPS estimate is 21.2, implying a prospective dividend yield of 6.1%. Current consensus EPS estimate suggests the PER is 14.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JDO JUDO CAPITAL HOLDINGS LIMITED
Business & Consumer Credit
More Research Tools In Stock Analysis - click HERE
Overnight Price: $1.21
Ord Minnett rates JDO as Initiation of coverage with Buy (1) -
Ord Minnett believes Judo Capital will continue to take share in the SME lending market, and initiates coverage with a Buy rating and $1.70 target price.
The broker points out utilisation of the cloud allows the bank to adopt a much simpler architecture, than banks with legacy IT systems, and should drive material cost savings.
The analyst acknowledges risk to asset quality, and should economic conditions deteriorate further, Judo would be more exposed than peers given the shape of its book.
Target price is $1.70 Current Price is $1.21 Difference: $0.49
If JDO meets the Ord Minnett target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 70.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Ord Minnett forecasts a full year FY22 EPS of 1.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 1.0, implying annual growth of -61.7%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 125.0. |
Forecast for FY23:
Ord Minnett forecasts a full year FY23 EPS of 5.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 5.3, implying annual growth of 430.0%. 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. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PPE PEOPLEIN LIMITED
Jobs & Skilled Labour Services
More Research Tools In Stock Analysis - click HERE
Overnight Price: $2.89
Morgans rates PPE as Add (1) -
Following a recent presentation by PeopleIn (and change of analyst) at Morgans, the broker reiterates its Add rating.
The analyst likes the company's exposure to a robust and growing employment market, aided by labour shortages and increased government spending. Around one-third of the business is in healthcare, which should benefit from an increased government spend.
On a change in valuation method, the analyst lowers the target price to $4.25 from $5.15.
Target price is $4.25 Current Price is $2.89 Difference: $1.36
If PPE meets the Morgans target it will return approximately 47% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Morgans forecasts a full year FY22 dividend of 13.00 cents and EPS of 29.00 cents. |
Forecast for FY23:
Morgans forecasts a full year FY23 dividend of 15.00 cents and EPS of 37.00 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
QAN QANTAS AIRWAYS LIMITED
Transportation & Logistics
More Research Tools In Stock Analysis - click HERE
Overnight Price: $4.47
Morgan Stanley rates QAN as Overweight (1) -
Upgraded net debt guidance by Qantas Airways shows Morgan Stanley that the balance sheet is being repaired faster than expected. It's also thought the market is including little value for cost-out and the Overweight rating is maintained. Industry View: In-Line.
The broker downgrades earnings due to rising fuel prices and lowers its target price to $6.60 from $7.10. Much of the increased fuel cost is expected to be offset by higher airfares and reduced capacity/improved load factors.
Target price is $6.60 Current Price is $4.47 Difference: $2.13
If QAN meets the Morgan Stanley target it will return approximately 48% (excluding dividends, fees and charges).
Current consensus price target is $6.08
The company's fiscal year ends in June.
Forecast for FY22:
Morgan Stanley forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 71.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is -66.2, 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 FY23:
Morgan Stanley forecasts a full year FY23 dividend of 0.00 cents and EPS of 24.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 34.3, implying annual growth of N/A. Current consensus DPS estimate is 6.2, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is N/A. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $4.45
Citi rates SFR as Buy (1) -
Sandfire Resources has released a JORC-compliant increase for the Matsa resource and Citi analysts highlight they will be visiting the project in mid-September.
Buy/High Risk. Price target $7.20.
Target price is $7.20 Current Price is $4.45 Difference: $2.75
If SFR meets the Citi target it will return approximately 62% (excluding dividends, fees and charges).
Current consensus price target is $6.79, suggesting upside of 54.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Citi forecasts a full year FY22 EPS of 55.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 69.6, implying annual growth of N/A. Current consensus DPS estimate is 11.9, implying a prospective dividend yield of 2.7%. Current consensus EPS estimate suggests the PER is 6.3. |
Forecast for FY23:
Citi forecasts a full year FY23 EPS of 53.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 39.2, implying annual growth of -43.7%. Current consensus DPS estimate is 10.4, implying a prospective dividend yield of 2.4%. Current consensus EPS estimate suggests the PER is 11.2. |
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
Macquarie rates SFR as Outperform (1) -
Sandfire Resources issued an update to its MATSA project base resource, with contained metals lifting 10% across copper, zinc, lead and silver, while ore tonnes increased 21%, with Macquarie noting the biggest impact is an expansion of zinc and copper production beyond FY29.
With zinc and copper pricing currently below the broker's FY23 forecasts, Macquarie notes a spot price scenario could drive a -33% decline to its earnings forecast, but that pricing should drive earnings upside from FY24.
The Outperform rating and target price of $8.00 are retained.
Target price is $8.00 Current Price is $4.45 Difference: $3.55
If SFR meets the Macquarie target it will return approximately 80% (excluding dividends, fees and charges).
Current consensus price target is $6.79, suggesting upside of 54.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 16.53 cents and EPS of 62.83 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 69.6, implying annual growth of N/A. Current consensus DPS estimate is 11.9, implying a prospective dividend yield of 2.7%. Current consensus EPS estimate suggests the PER is 6.3. |
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 20.67 cents and EPS of 66.27 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 39.2, implying annual growth of -43.7%. Current consensus DPS estimate is 10.4, implying a prospective dividend yield of 2.4%. Current consensus EPS estimate suggests the PER is 11.2. |
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
SNL SUPPLY NETWORK LIMITED
Automobiles & Components
More Research Tools In Stock Analysis - click HERE
Overnight Price: $9.45
Ord Minnett rates SNL as Initiation of coverage with Accumulate (2) -
Ord Minnett initiates coverage on Supply Network, the supplier of aftermarket bus and truck parts to the commercial vehicle industry, with an Accumulate rating and $10.00 target price. The company operates under the Multispares brand in A&NZ.
The broker feels the company is set to benefit from increasing complexity of vehicles and the increasing level of freight required. Also, it's thought opportunities may present for market share gains via industry consolidation.
Earnings growth is dependent upon a combination of underlying industry growth supported by further investment into the company’s branch network, explains the analyst.
Target price is $10.00 Current Price is $9.45 Difference: $0.55
If SNL meets the Ord Minnett target it will return approximately 6% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Ord Minnett forecasts a full year FY22 dividend of 28.50 cents and EPS of 47.70 cents. |
Forecast for FY23:
Ord Minnett forecasts a full year FY23 dividend of 32.00 cents and EPS of 52.80 cents. |
Market Sentiment: 0.5
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
More Research Tools In Stock Analysis - click HERE
Overnight Price: $11.35
Citi rates TWE as Buy (1) -
Buy-rated Treasury Wine Estates' guidance is for its US operations to perform similarly to H1 in H2 this calendar year, though Citi believes this looks like a rather conservative stance by management at the company.
The broker's view is partially based on the view that wine demand should be relatively more resilient to inflation and interest rates compared to other alcohol products.
Having said all of the above, recent industry data indicate growth for wine consumption is slowing in the US. Citi is maintaining a forecast of FY23 EBITS growth of 33% (with price rises yet to follow).
Target price $13.78. The broker continues to see significant medium-term earnings growth opportunities for the company.
Target price is $13.78 Current Price is $11.35 Difference: $2.43
If TWE meets the Citi target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $13.41, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 30.00 cents and EPS of 43.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 44.3, implying annual growth of 27.8%. Current consensus DPS estimate is 27.3, implying a prospective dividend yield of 2.4%. Current consensus EPS estimate suggests the PER is 25.7. |
Forecast for FY23:
Citi forecasts a full year FY23 dividend of 38.00 cents and EPS of 55.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.0, implying annual growth of 24.2%. Current consensus DPS estimate is 35.7, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 20.7. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $1.84
Credit Suisse rates VCX as Neutral (3) -
Credit Suisse has lifted its funds from operations per share forecasts for Vicinity Centres by 3.8%, 2.6% and 2.7%, reflecting improved cash collection. The broker also notes the company is yet to declare its second half dividend, and anticipates a 95% payout.
The broker highlights Vicinity Centres was hit harder than peers by covid impacts given its high exposure to Victoria and CBD locations, but believes earnings recovery is possible in FY23.
The Neutral rating and target price of $1.97 are retained.
Target price is $1.97 Current Price is $1.84 Difference: $0.13
If VCX meets the Credit Suisse target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $1.90, suggesting upside of 3.4% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 10.00 cents and EPS of 13.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 11.9, implying annual growth of N/A. Current consensus DPS estimate is 9.8, implying a prospective dividend yield of 5.3%. Current consensus EPS estimate suggests the PER is 15.5. |
Forecast for FY23:
Credit Suisse forecasts a full year FY23 dividend of 11.00 cents and EPS of 13.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 12.5, implying annual growth of 5.0%. Current consensus DPS estimate is 10.8, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 14.7. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $76.96
Morgans rates XRO as Initiation of coverage with Add (1) -
Morgans initiates coverage on cloud-based accounting software platform Xero with an Add rating and target price of $90.25.
The broker believes additional subscribers and average revenue per user (ARPU) growth (via product expansion) should create substantial barriers to entry/network effects.
Significant runway for customer growth is anticipated with less than 10% penetration of an over 45m (small-to medium sized business) total addressable market (TAM).
Target price is $90.25 Current Price is $76.96 Difference: $13.29
If XRO meets the Morgans target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $98.88, suggesting upside of 28.5% (ex-dividends)
The company's fiscal year ends in March.
Forecast for FY23:
Morgans forecasts a full year FY23 dividend of 0.00 cents and EPS of 22.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.3, 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 245.9. |
Forecast for FY24:
Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of 50.62 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 68.4, implying annual growth of 118.5%. Current consensus DPS estimate is 12.4, implying a prospective dividend yield of 0.2%. Current consensus EPS estimate suggests the PER is 112.5. |
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
Today's Price Target Changes
Company | Last Price | Broker | New Target | Prev Target | Change | |
FCL | Fineos Corp | $0.00 | Macquarie | 2.89 | 3.06 | -5.56% |
PPE | Peoplein | $0.00 | Morgans | 4.25 | 5.15 | -17.48% |
QAN | Qantas Airways | $0.00 | Morgan Stanley | 6.60 | 7.10 | -7.04% |
Summaries
BXB | Brambles | Buy - Citi | Overnight Price $10.71 |
Underweight - Morgan Stanley | Overnight Price $10.71 | ||
Buy - Ord Minnett | Overnight Price $10.71 | ||
Buy - UBS | Overnight Price $10.71 | ||
FCL | Fineos Corp | Outperform - Macquarie | Overnight Price $1.48 |
GOZ | Growthpoint Properties Australia | Neutral - Credit Suisse | Overnight Price $3.41 |
JDO | Judo Capital | Initiation of coverage with Buy - Ord Minnett | Overnight Price $1.21 |
PPE | Peoplein | Add - Morgans | Overnight Price $2.89 |
QAN | Qantas Airways | Overweight - Morgan Stanley | Overnight Price $4.47 |
SFR | Sandfire Resources | Buy - Citi | Overnight Price $4.45 |
Outperform - Macquarie | Overnight Price $4.45 | ||
SNL | Supply Network | Initiation of coverage with Accumulate - Ord Minnett | Overnight Price $9.45 |
TWE | Treasury Wine Estates | Buy - Citi | Overnight Price $11.35 |
VCX | Vicinity Centres | Neutral - Credit Suisse | Overnight Price $1.84 |
XRO | Xero | Initiation of coverage with Add - Morgans | Overnight Price $76.96 |
RATING SUMMARY
Rating | No. Of Recommendations |
1. Buy | 11 |
2. Accumulate | 1 |
3. Hold | 2 |
5. Sell | 1 |
Friday 01 July 2022
Access Broker Call Report Archives here
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 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.
Latest News
1 |
ASX Winners And Losers Of Today – 08-10-24Oct 08 2024 - Daily Market Reports |
2 |
Australian Broker Call *Extra* Edition – Oct 08, 2024Oct 08 2024 - Daily Market Reports |
3 |
BHP Shares Eyeing Return To $50Oct 08 2024 - Technicals |
4 |
Audinate’s Recurring Revenue OpportunityOct 08 2024 - Small Caps |
5 |
Weekly Update On LICs & LITs – 07-Oct-2024Oct 08 2024 - Weekly Reports |