Other Industrials

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.

Emeco Holdings updated earnings guidance last week and the market received the news well, with brokers continuing to see value in the stock.

It would appear management at Campbell Bros is very confident ahead of interim results later this month.

WorleyParsons has indicated there will be a significant second half earnings split, but stockbrokers are sceptical given contract deferrals and a stronger AUD.

Both Credit Suisse and Morgan Stanley have added coverage on Australian companies today, while Macquarie has cut iSoft from its coverage universe.

Stockbroker Moelis expects continued solid earnings growth from recruitment group Talent2 following a meeting with management.

JP Morgan has today downgraded Monadelphous on valuation grounds, becoming the third broker in the FNArena database to lower its rating on the stock this month.

Drilling services provider Imdex reported strong first quarter earnings and brokers covering the stock have been quick to revise forecasts for coming years.

Nufarm has advised the market debt levels will be higher than previously expected but brokers have taken the news in stride and upgraded the stock on valuation grounds.

Mermaid Marine delivered a solid full year result and brokers expect similar solid performance in coming years.