##{"id":59326,"date":"2011-12-19T10:12:27","date_gmt":"2011-12-18T23:12:27","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/12\/19\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-25\/"},"modified":"2011-12-19T10:12:27","modified_gmt":"2011-12-18T23:12:27","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-25","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/12\/19\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-25\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

\n\tBy Chris Shaw<\/p>\n

\n\tChristmas is edging ever so closer but the share market is not displaying its usual tendencies to put a positive twist onto the calendar year's finish, but that doesn't stop the major stockbrokerages in Australia to continue to downgrade more stocks than to issue upgrades. The week past saw the eight brokers in the FNArena<\/span> database downgrading recommendations on 16 stocks while lifting only four. Total Buy ratings now stand at 56.6%, down from 57.1% last week.<\/p>\n

\n\tAmong the upgrades was ANZ<\/span> Banking Group ((ANZ<\/span>)), BA Merrill Lynch upgrading to a Buy rating from Neutral on both valuation grounds and expectations Asia will provide solid growth opportunities for the bank going forward. ANZ<\/span> is now the broker's top pick in the sector.<\/p>\n

\n\tA full review of Cochlear's ((COH<\/span>)) prospects sees Macquarie upgrade to an Outperform rating from Neutral, this despite cuts to earnings estimates and price target to reflect manufacturing issues, supply constraints and product recalls. The upgrade is a valuation call, Macquarie seeing the stock as attractive at current levels given recent share price weakness.<\/p>\n

\n\tInvesta<\/span> Office ((IOF<\/span>)) was the only play to receive two upgrades, both JP Morgan and Deutsche Bank lifting ratings to Buy from Hold previously. For JP Morgan the call is valuation inspired after recent relative underperformance<\/span>, while Deutsche sees reduced execution risk and some growth prospects following offshore asset sales and a share buyback. <\/p>\n

\n\tDeutsche has also adjusted its target for Investa<\/span> slightly higher. The upgrades follow a similar move the previous week by UBS, who also identified improved value in the stock on the back of overseas asset sales.<\/p>\n

\n\tOn the downgrade side, Amcor<\/span> ((AMC)) saw a cut to a Neutral rating by Citi<\/span> given the current share price represents a premium on the broker's numbers. Earnings estimates were also adjusted slightly to reflect changes to forex<\/span> assumptions.<\/p>\n

\n\tCiti<\/span> made a similar change with respect to Ansell<\/span> ((ANN)), again on the basis the current share price is a stretch relative to valuation even allowing for the possibility current earnings guidance might turn out to be conservative. Target has been trimmed slightly.<\/p>\n

\n\tAPA ((APA)) has made an offer for Hastings Diversified ((HDF<\/span>)) and this has prompted both Citi<\/span> and BA-ML to downgrade ratings, the former to Neutral and the latter to Underperform<\/span>. While the associated sale of AllGas<\/span> is viewed positively, the possibility a higher offer may be needed and some valuation concerns post recent share price gains is enough to see both brokers adopt more conservative views. Citi<\/span> has also trimmed its price target.<\/p>\n

\n\tCommonwealth Property Office ((CPA)) has enjoyed some gains of late and this has created some valuation issues for both Credit Suisse and JP Morgan. The former has moved to an Underperform<\/span> rating and the latter to a Neutral recommendation as both now see better value elsewhere in the sector.<\/p>\n

\n\tA review by Deutsche Bank left the broker with the view competition is increasing in some of CSL's<\/span> ((CSL<\/span>)) markets, a concern that was enough for the broker to downgrade to a Hold rating. The downgrade also reflects recent share price outperformance<\/span>, while the review generated an increase in price target.<\/p>\n

\n\tJB<\/span> Hi-Fi<\/span> ((JBH<\/span>)) surprised the market on Thursday by cutting earnings guidance for 1H12<\/span>, citing ongoing price deflation and tough competition. Brokers have responded by cutting earnings estimates and price targets, with Citi<\/span>, JP Morgan and UBS all downgrading ratings as well. JP Morgan moves to Underweight, the other two brokers to Neutral recommendations. <\/p>\n

\n\tValuation has been the driver of Credit Suisse's downgrade on Mirvac<\/span> ((MGR<\/span>)) to a Neutral rating, the broker similarly cutting its rating on Stockland<\/span> ((SGP<\/span>)) to Underperform<\/span> following recent share price movements.<\/p>\n

\n\tAs brokers continue to adjust numbers for Telecom New Zealand ((TEL)) to account for the recent de-merger, RBS<\/span> has gone a step further and downgraded to a Sell rating, this reflecting recent relative outperformance<\/span> post the de-merger. The broker's target comes down to account for the split in the business.<\/p>\n

\n\tAn asset tour saw UBS adjust numbers for Wesfarmers<\/span> ((WES)), the trimming of forecasts enough for a minor cut in target. Such a reaction was also seen elsewhere in the market, though UBS was the only broker to also downgrade its rating, moving to Neutral on valuation grounds.<\/p>\n

\n\tA similar review of prospects for Ten network ((TEN)) saw Deutsche downgrade to a Sell rating, the broker now factoring in increased overall risk and volatility for earnings in the shorter-term.<\/p>\n

\n\tElsewhere, BA-ML has reviewed prospects for the IT sector and the result is changes to earnings estimates and price target for Oakton ((OKN<\/span>)), the move following similar cuts to expectations for SMS Management and Technology ((SMX<\/span>)) made by Macquarie last week.<\/p>\n

\n\tChanges to sales assumptions for Whitehaven<\/span> ((WHC<\/span>)) have seen RBS<\/span> Australia lower expectations and price target for the coal play, while a capital raising by Qube<\/span> Logistics ((QUB<\/span>)) sees brokers adjust earnings per share expectations.<\/p>\n

\n\tChanges to expectations for Echo Entertainment ((EGP<\/span>)) resulted in BA-ML lifting earnings estimates and price target for the group, while Citi<\/span> has lifted earnings forecasts for Australian Worldwide Exploration ((AWE)) post a review of the Sugarloaf project.<\/p>\n

\n\tA change in analyst at JP Morgan has resulted in some changes to price target and earnings forecasts for Charter Hall ((CHC<\/span>)), while AMP's ((AMP)) strategic distribution agreement with Mitsubishi UFJ<\/span> in Japan has caused some estimate and target changes across the market. Citi<\/span> has further lowered earnings estimates and its price target for Ridley ((RIC<\/span>)) to reflect poor weather conditions and associated operating delays.<\/p>\n

\n\t <\/p>\n\n\n\n\n
\n\t\t\t\tTotal Recommendations<\/strong>
\n\t\t\t\t<\/td>\n		\n\t\t\t\tRecommendation Changes<\/strong>
\n\t\t\t\t<\/td>\n<\/tr>\n
\n

\n\t\t\t\t\t <\/p>\n

\t\t\t\tBroker Recommendation Breakup<\/strong>
\n\t\t\t\t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\t <\/p>\n

\n

\n\t\tBroker Rating<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tCompany<\/th>\n\n\t\t\t\t\t\tOld Rating<\/th>\n\n\t\t\t\t\t\tNew Rating<\/th>\n\n\t\t\t\t\t\tBroker<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\tUpgrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tAUSTRALIA & NEW ZEALAND BANKING GROUP<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tCOCHLEAR LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tINVESTA<\/span> OFFICE FUND<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tINVESTA<\/span> OFFICE FUND<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\tDowngrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tAMCOR<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tCiti<\/span><\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tANSELL<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tCiti<\/span><\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tAUSTRALIAN PIPELINE TRUST<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tRBS<\/span> Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tAUSTRALIAN PIPELINE TRUST<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tCiti<\/span><\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tAUSTRALIAN PIPELINE TRUST<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tCOMMONWEALTH PROPERTY OFFICE FUND<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t11<\/td>\n\n\t\t\t\t\t\tCOMMONWEALTH PROPERTY OFFICE FUND<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t12<\/td>\n\n\t\t\t\t\t\tCSL<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t13<\/td>\n\n\t\t\t\t\t\tJB<\/span> HI-FI<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tCiti<\/span><\/td>\n<\/tr>\n
\n\t\t\t\t\t\t14<\/td>\n\n\t\t\t\t\t\tJB<\/span> HI-FI<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\tJB<\/span> HI-FI<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t16<\/td>\n\n\t\t\t\t\t\tMIRVAC<\/span> GROUP<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t17<\/td>\n\n\t\t\t\t\t\tSTOCKLAND<\/span><\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t18<\/td>\n\n\t\t\t\t\t\tTELECOM CORPORATION OF NEW ZEALAND LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tRBS<\/span> Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t19<\/td>\n\n\t\t\t\t\t\tTEN NETWORK HOLDINGS LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t20<\/td>\n\n\t\t\t\t\t\tWESFARMERS<\/span> LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tUBS<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n\t\t <\/div>\n<\/div>\n
\n

\n\t\tRecommendation<\/h2>\n
\n

\n\t\t\tPositive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious Rating<\/th>\n\n\t\t\t\t\t\tNew Rating<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tIOF<\/span><\/a><\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t17.0%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tCOH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t– 38.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t13.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tILU<\/span><\/a><\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t88.0%<\/td>\n\n\t\t\t\t\t\t13.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tEGP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t12.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tANZ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t38.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t12.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tSGT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t10.0%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n

\n\t\t\tNegative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious Rating<\/th>\n\n\t\t\t\t\t\tNew Rating<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tJBH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t38.0%<\/td>\n\n\t\t\t\t\t\t– 37.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tOKN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t60.0%<\/td>\n\n\t\t\t\t\t\t40.0%<\/td>\n\n\t\t\t\t\t\t– 20.0%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tMAH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 17.0%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tWHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t83.0%<\/td>\n\n\t\t\t\t\t\t– 17.0%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tSGP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tMGR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tTCL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t86.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tCFX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tANN<\/a><\/td>\n\n\t\t\t\t\t\t43.0%<\/td>\n\n\t\t\t\t\t\t29.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tCSL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n\t\t <\/div>\n<\/div>\n
\n

\n\t\tTarget Price<\/h2>\n
\n

\n\t\t\tPositive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious Target<\/th>\n\n\t\t\t\t\t\tNew Target<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tILU<\/span><\/a><\/td>\n\n\t\t\t\t\t\t20.219<\/td>\n\n\t\t\t\t\t\t20.786<\/td>\n\n\t\t\t\t\t\t2.80%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tCSL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t33.600<\/td>\n\n\t\t\t\t\t\t33.891<\/td>\n\n\t\t\t\t\t\t0.87%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tIOF<\/span><\/a><\/td>\n\n\t\t\t\t\t\t0.678<\/td>\n\n\t\t\t\t\t\t0.683<\/td>\n\n\t\t\t\t\t\t0.74%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tEGP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t4.440<\/td>\n\n\t\t\t\t\t\t4.468<\/td>\n\n\t\t\t\t\t\t0.63%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n

\n\t\t\tNegative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious Target<\/th>\n\n\t\t\t\t\t\tNew Target<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tOKN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t1.970<\/td>\n\n\t\t\t\t\t\t1.770<\/td>\n\n\t\t\t\t\t\t– 10.15%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tJBH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t17.996<\/td>\n\n\t\t\t\t\t\t16.925<\/td>\n\n\t\t\t\t\t\t– 5.95%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tMAH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t0.713<\/td>\n\n\t\t\t\t\t\t0.685<\/td>\n\n\t\t\t\t\t\t– 3.93%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tWHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t7.090<\/td>\n\n\t\t\t\t\t\t6.980<\/td>\n\n\t\t\t\t\t\t– 1.55%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tCOH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t54.840<\/td>\n\n\t\t\t\t\t\t54.084<\/td>\n\n\t\t\t\t\t\t– 1.38%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tQUB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t1.593<\/td>\n\n\t\t\t\t\t\t1.580<\/td>\n\n\t\t\t\t\t\t– 0.82%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tANZ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t22.869<\/td>\n\n\t\t\t\t\t\t22.688<\/td>\n\n\t\t\t\t\t\t– 0.79%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tWES<\/a><\/td>\n\n\t\t\t\t\t\t32.941<\/td>\n\n\t\t\t\t\t\t32.716<\/td>\n\n\t\t\t\t\t\t– 0.68%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tTEN<\/a><\/td>\n\n\t\t\t\t\t\t1.036<\/td>\n\n\t\t\t\t\t\t1.029<\/td>\n\n\t\t\t\t\t\t– 0.68%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tANN<\/a><\/td>\n\n\t\t\t\t\t\t14.391<\/td>\n\n\t\t\t\t\t\t14.357<\/td>\n\n\t\t\t\t\t\t– 0.24%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n\t\t <\/div>\n<\/div>\n
\n

\n\t\tEarning Forecast<\/h2>\n
\n

\n\t\t\tPositive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious EF<\/span><\/th>\n\n\t\t\t\t\t\tNew EF<\/span><\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tHST<\/span><\/a><\/td>\n\n\t\t\t\t\t\t3.237<\/td>\n\n\t\t\t\t\t\t20.300<\/td>\n\n\t\t\t\t\t\t527.12%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tQUB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t7.800<\/td>\n\n\t\t\t\t\t\t14.075<\/td>\n\n\t\t\t\t\t\t80.45%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tBPT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t4.140<\/td>\n\n\t\t\t\t\t\t4.920<\/td>\n\n\t\t\t\t\t\t18.84%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tAWE<\/a><\/td>\n\n\t\t\t\t\t\t6.871<\/td>\n\n\t\t\t\t\t\t7.300<\/td>\n\n\t\t\t\t\t\t6.24%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tQAN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t12.988<\/td>\n\n\t\t\t\t\t\t13.688<\/td>\n\n\t\t\t\t\t\t5.39%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tCHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t22.800<\/td>\n\n\t\t\t\t\t\t23.467<\/td>\n\n\t\t\t\t\t\t2.93%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tAMP<\/a><\/td>\n\n\t\t\t\t\t\t32.103<\/td>\n\n\t\t\t\t\t\t32.678<\/td>\n\n\t\t\t\t\t\t1.79%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tHGG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t15.964<\/td>\n\n\t\t\t\t\t\t16.172<\/td>\n\n\t\t\t\t\t\t1.30%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tSTO<\/span><\/a><\/td>\n\n\t\t\t\t\t\t59.000<\/td>\n\n\t\t\t\t\t\t59.538<\/td>\n\n\t\t\t\t\t\t0.91%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tOSH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t14.833<\/td>\n\n\t\t\t\t\t\t14.959<\/td>\n\n\t\t\t\t\t\t0.85%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n

\n\t\t\tNegative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\tPrevious EF<\/span><\/th>\n\n\t\t\t\t\t\tNew EF<\/span><\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/span><\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tAZT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t17.980<\/td>\n\n\t\t\t\t\t\t– 3.600<\/td>\n\n\t\t\t\t\t\t– 120.02%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tWHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t37.600<\/td>\n\n\t\t\t\t\t\t31.650<\/td>\n\n\t\t\t\t\t\t– 15.82%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tTEL<\/a><\/td>\n\n\t\t\t\t\t\t14.691<\/td>\n\n\t\t\t\t\t\t12.553<\/td>\n\n\t\t\t\t\t\t– 14.55%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tPAN<\/a><\/td>\n\n\t\t\t\t\t\t11.475<\/td>\n\n\t\t\t\t\t\t9.925<\/td>\n\n\t\t\t\t\t\t– 13.51%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tRIC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t10.033<\/td>\n\n\t\t\t\t\t\t9.333<\/td>\n\n\t\t\t\t\t\t– 6.98%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tTAH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t47.375<\/td>\n\n\t\t\t\t\t\t44.438<\/td>\n\n\t\t\t\t\t\t– 6.20%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tJBH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t138.325<\/td>\n\n\t\t\t\t\t\t130.500<\/td>\n\n\t\t\t\t\t\t– 5.66%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tOKN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t18.620<\/td>\n\n\t\t\t\t\t\t17.640<\/td>\n\n\t\t\t\t\t\t– 5.26%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tCOH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t220.275<\/td>\n\n\t\t\t\t\t\t210.400<\/td>\n\n\t\t\t\t\t\t– 4.48%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tSMX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t48.420<\/td>\n\n\t\t\t\t\t\t46.460<\/td>\n\n\t\t\t\t\t\t– 4.05%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n\t\t <\/div>\n<\/div>\n
\n

\n\t\tTechnical limitations<\/strong><\/p>\n

\n\t\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\t\tFind out why FNArena<\/span><\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Weekly update on recommendation, target price, and earnings forecast changes.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[32,90,89,35,43,39,91,88,42,37,31,30,38],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59326"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59326"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59326\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}