Building Material & Const

In the current gloomy economic outlook, some stock sectors will feel the pinch while others appear to remain immune. Stock analysts discuss their preferences.

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

Adelaide Brighton’s interim earnings met expectations and brokers continue to see value, prompting upgrades in ratings.

Weekly update on recommendation, target price, and earning forecast changes.

There were no measures to either positively or negatively shock any particular stock market sector, but nor was there much burden removed from RBA monetary policy in last night’s Budget.

The sale of Marathon Tyres completes the divestment of non-core assets at Alesco and brokers sees upside from a more-focused business going forward.

Private equity player Blackstone suggests there is value on offer in the Australian market and Moelis and Co has offered a list of companies it sees as attractive to such buyers.

CSR has delivered lower than expected interim result but the sale of the sugar division and potential capital management remain as catalysts.

Leighton’s shock profit warning has, by the brokers’ own admission, provided a timely reminder that large-scale construction projects carry considerable risk no matter who the contractor.

Stockbrokers are positive about a conditional agreement between Lend Lease and Japanese house builder Sekisui House.