Daily FNArena News - Australia

While some brokers lower price targets, Codan is on-track to meet FY22 consensus forecasts

Recovery in the core business remains important in the near-term for Healius, as benefits from covid testing look likely to soften in the remainder of the year, but longer-term digitisation remains a focus for the company

Brokers universally set higher price targets for Elders in the wake of first half results

Brokers trim price targets as BWX outlines its strategic direction for core brands

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

An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates

Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline

A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target

Amidst fears of rising bond yields and industrial overcapacity, Goodman Group has proven yet again why it is a top 20 market cap stock

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