A recent analyst tour and the release of some new products leads BA Merrill Lynch to suggest Ansell is transitioning to a growth opportunity.
Downer EDI has just been awarded Australia’s biggest ever mining contract but the market is still reflecting on the worrisome NSW rail contract, despite broker enthusiasm.
After Macquarie and JP Morgan initiated coverage on Miclyn with Buy ratings yesterday, Deutsche Bank has added to the positive view.
Both Macquarie and JP Morgan have initiated coverage on service vehicle provider Miclyn Express Offshore with the equivalent of Buy ratings today.
Morgan Stanley has identified some more small cap companies where it sees value, while Macquarie has Boart Longyear on its Marquee Ideas list.
Morgan Stanley has initiated on 10 emerging companies with nine positive ratings, while both JP Morgan and Credit Suisse have also identified value elsewhere in the sector.
In the ongoing process of post-GFC regulatory changes, ASIC is looking to formalise stock broker recommendations in the wake of investor complaints.
Deutsche Bank has initated coverage on vessel charter and services group Mermaind Marine with a Buy rating.
We are now in grind-up phase in the stock market while Asciano comes into favour, more media upgrades are occurring and the home builder survey continues.
Standard and Poor’s has announced changes to the composition of its Australian indices and Myer is seen as a likely winner.