Other Industrials

Mermaid Marine delivered a better than expected interim profit result yet stockbrokers have downgraded their recommendations.

A better than expected interim result from FlexiGroup suggests a recovery from the lows of the GFC and leaves brokers confident further upside is likely.

Talent2 delivered stong growth in interim proft relative to the previous corresponding period and the market has rewarded the stock with upgrades in ratings.

Bradken fell short of market expectations with its interim result but maintained full year guidance.

Market analysts and strategists are reviewing their preferences between commodities and “others” for the year ahead.

Investment U’s Tony D’Altorio says pick and shovel providers are being re-rated across the globe as miners and oil producers are starting a spending spree.

Stockbroker Moelis has upgaded Transfield to a Buy, seeing value in the stock at current levels.

Results from a US competitor were much better than expected and the implicit improvement in operating conditions for Boart Longyear have seen upgrades to earnings forecasts.

As part of a review of the Australian IT services sector Morgan Stanley has initiated coverage on Talent2 with an Overweight rating.

Newly listed contract mining group MACA Limited offers value according to DJ Carmichael, as its projections suggest the shares are currently trading on too significant a discount to peers.