Daily FNArena News - Australia

A superior position in plasma collections in the US has delivered benefits to CSL in FY19 and, while competitors are gearing up, brokers believe the outlook for FY20 remains firm.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Magellan Financial has outlined a plan to increasingly use a partnership model to engage directly with retail investors.

Wealth manager Challenger has potential for growth in the longer term but the short term is considered to be difficult.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Investors are expected to focus on the prospect of sustained capital management as rail freight operator Aurizon seeks to gear up operations following a legal restructure.

Ansell is confident sales can recover in FY20 after a weak period affected by divestments and restructuring, although brokers consider the global environment poses risks.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

REA Group withstood a significant downturn in listings volumes in FY19 and, while FY20 is off to a slow start, a recovery is expected in the second half.

Brokers note James Hardie is trading at a discount to industrials peers, which is increasingly difficult to justify in the wake of a robust first quarter.