Daily FNArena News

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

Michael Gable of Fairmont Equities notes Santos has been unable to breach resistance but the signs are more positive as the range tightens up

With US$2.8trn of US$4trn APAC debt exposed to environmental risk, S&P Global Ratings hones its sights on the region as ESG debt suffers most in the global bond market’s inflation and geopolitical bond rout

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

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Jarden believes mining services stocks are undervalued while Credit Suisse initiates coverage of mining and mining services company Mineral Resources

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