##{"id":59769,"date":"2012-04-10T10:35:38","date_gmt":"2012-04-10T00:35:38","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/04\/10\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-37\/"},"modified":"2012-04-10T10:35:38","modified_gmt":"2012-04-10T00:35:38","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-37","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/04\/10\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-37\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

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

\n\tDowngrades to stock broker ratings for individual stocks continue far outweighing upgrades and the past week proved once again no exception. The eight brokers in the FNArena<\/span> database lifted recommendations on just four companies while downgrading 24 stocks. Total Buy ratings now stand at just 50.56%, the lowest level for some time despite the share market effectively moving sideways.<\/p>\n

\n\tAmong the upgrades was Aurora Oil and Gas ((AUT<\/span>)), where JP Morgan lifted its rating to Neutral from Sell. While full year earnings saw both UBS and Credit Suisse downgrade to Neutral ratings from Buy previously, JP Morgan factored in its findings from a recent site visit and lifted its valuation and price target. This was enough for the broker to lift its rating to the same level as UBS and CS.<\/p>\n

\n\tOM Holdings ((OMH<\/span>)) was also upgraded to Neutral from Sell by RBS<\/span> Australia, a valuation call as downside risks to earnings from lower manganese prices now appears priced into the stock following a share price fall of around 70% over the past year.<\/p>\n

\n\tDeutsche Bank has upgraded Oz Minerals ((OZL<\/span>)) to Buy from Hold following changes to commodity price and foreign exchange assumptions. While the changes meant a trimming in price target, the broker sees improved value at current levels and upgrades accordingly.<\/p>\n

\n\tThe final upgrade of the week was Telstra ((TLS)), where BA Merrill Lynch has lifted its rating to Neutral from Underperform<\/span>. There is increased scope for capital management and a more stable earnings outlook in general in the broker's view, which justifies the upgrade.<\/p>\n

\n\tSo to recap: only four upgrades were issued and only one out of these four led to a Buy rating.<\/p>\n

\n\tAmong the 24 downgrades Aurora was not the only stock where ratings were lowered by more than one broker, as Leighton Holdings ((LEI)), QBE<\/span> Insurance ((QBE<\/span>)) and Transfield<\/span> Services ((TSE<\/span>)) also received multiple downgrades.<\/p>\n

\n\tBoth Deutsche Bank and Macquarie Moved to Sell ratings on Leighton from Hold previously, this given further credibility issues arising from further write-downs to problem contracts. The other issues according to Deutsche is the potential for balance sheet issues and a weak medium-term growth outlook.<\/p>\n

\n\tValuation is the issue for QBE<\/span>, as both Citi and JP Morgan have moved to Neutral ratings on the back of recent share price strength. The insurer's AGM this week showed earnings drivers for the company have turned more positive in recent months.<\/p>\n

\n\tWith respect to Transfield, the downgrades from JP Morgan, RBS Australia and Macquarie reflect concerns over problem contracts that go beyond April's profit warning.<\/p>\n

\n\tPost management's revised guidance, earnings estimates and price targets for Transfield have been adjusted across the market.<\/p>\n

\n\tElsewhere, Macquarie downgraded Boral ((BLD)) to Neutral from Buy as earnings revisions meant a cut in price target, while UBS moved to neutral from Buy on CSL ((CSL)) on valuation grounds after factoring in some changes to forex assumptions.<\/p>\n

\n\tThe changes to forecasts that saw Deutsche upgrade Oz Minerals have also seen the broker downgrade Fortescue ((FMG)), Iluka ((ILU)), Paladin ((PDN)) and Sandfire ((SFR)), as revised earnings estimates have impacted on total return expectations.<\/p>\n

\n\tWhile OrotonGroup ((ORL)) remains a retail favourite of Credit Suisse, the broker has downgraded to Neutral from Buy on valuation grounds. Primary Health Care ((PRY)) has similarly been downgraded by the broker on the same basis.<\/p>\n

\n\tValuation has also been behind RBS Australia downgrading Pharmaxis ((PXS)) to Hold from Buy, while JP Morgan has downgraded Qantas ((QAN)) to Neutral from Overweight given the in-house view consensus earnings estimates for the airline remain too high.<\/p>\n

\n\tA stretched valuation and some concerns over domestic ad volumes have seen BA-ML downgrade Seek to Sell from Hold, while recent share price gains have been enough for Citi to downgrade Sonic Health ((SHL)) to Neutral from Buy.<\/p>\n

\n\tThe risk of earnings and sentiment downside from current levels has prompted UBS to move to a Neutral rating on Virgin Australia ((VAH)), while Macquarie has moved to a Sell rating on Westfield Group ((WDC)) from Neutral previously as the group's shopping mall property assets business re-positioning is expected to take some time.<\/p>\n

\n\tPrice target adjustments during the week have not resulted in any changes of more than 10%, while earnings adjustments during the period were most significant in terms of increases for Macquarie Bank ((MQG)) and James Hardie ((JHX)) and cuts for Alumina Ltd ((AWC)), Leighton and Bank of Queensland ((BOQ)). <\/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\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\tAURORA OIL AND GAS LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tSell<\/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\t2<\/td>\n\n\t\t\t\t\t\tOM HOLDINGS LIMITED <\/a><\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tOZ MINERALS 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tTELSTRA CORPORATION LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tNeutral<\/td>\n\n\t\t\t\t\t\tBA-Merrill Lynch<\/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\tAURORA OIL AND GAS 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\t6<\/td>\n\n\t\t\t\t\t\tAURORA OIL AND GAS 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tBORAL 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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tCSL 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\t9<\/td>\n\n\t\t\t\t\t\tFORTESCUE METALS GROUP LTD<\/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\t10<\/td>\n\n\t\t\t\t\t\tILUKA RESOURCES 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\t11<\/td>\n\n\t\t\t\t\t\tLEIGHTON HOLDINGS LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/td>\n\n\t\t\t\t\t\tSell<\/td>\n\n\t\t\t\t\t\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t12<\/td>\n\n\t\t\t\t\t\tLEIGHTON 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\t13<\/td>\n\n\t\t\t\t\t\tMetcash 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t14<\/td>\n\n\t\t\t\t\t\tOROTONGROUP 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\tPALADIN ENERGY LTD<\/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\t16<\/td>\n\n\t\t\t\t\t\tPharmaxis Ltd<\/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 Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t17<\/td>\n\n\t\t\t\t\t\tPRIMARY HEALTH CARE 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t18<\/td>\n\n\t\t\t\t\t\tQANTAS AIRWAYS 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t19<\/td>\n\n\t\t\t\t\t\tQBE INSURANCE GROUP 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<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t20<\/td>\n\n\t\t\t\t\t\tQBE INSURANCE GROUP 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t21<\/td>\n\n\t\t\t\t\t\tSANDFIRE RESOURCES NL<\/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\t22<\/td>\n\n\t\t\t\t\t\tSEEK 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t23<\/td>\n\n\t\t\t\t\t\tSONIC HEALTHCARE 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<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t24<\/td>\n\n\t\t\t\t\t\tTRANSFIELD SERVICES 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 Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t25<\/td>\n\n\t\t\t\t\t\tTRANSFIELD SERVICES 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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t26<\/td>\n\n\t\t\t\t\t\tTRANSFIELD SERVICES 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t27<\/td>\n\n\t\t\t\t\t\tVIRGIN AUSTRALIA HOLDINGS 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\t28<\/td>\n\n\t\t\t\t\t\tWESTFIELD GROUP<\/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\tMacquarie<\/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
\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<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tCER<\/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\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tRRL<\/a><\/td>\n\n\t\t\t\t\t\t33.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t17.0%<\/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\tOZL<\/a><\/td>\n\n\t\t\t\t\t\t25.0%<\/td>\n\n\t\t\t\t\t\t38.0%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t63.0%<\/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\t5<\/td>\n\n\t\t\t\t\t\tTLS<\/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\tSKI<\/a><\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t7.0%<\/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\tIFN<\/a><\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t60.0%<\/td>\n\n\t\t\t\t\t\t3.0%<\/td>\n\n\t\t\t\t\t\t5<\/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<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tLEI<\/a><\/td>\n\n\t\t\t\t\t\t25.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t– 38.0%<\/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\tPXS<\/a><\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t– 33.0%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tQBE<\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t38.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/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\tORL<\/a><\/td>\n\n\t\t\t\t\t\t40.0%<\/td>\n\n\t\t\t\t\t\t20.0%<\/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\t5<\/td>\n\n\t\t\t\t\t\tAUT<\/a><\/td>\n\n\t\t\t\t\t\t– 20.0%<\/td>\n\n\t\t\t\t\t\t– 40.0%<\/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\t6<\/td>\n\n\t\t\t\t\t\tVAH<\/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\t7<\/td>\n\n\t\t\t\t\t\tCGF<\/a><\/td>\n\n\t\t\t\t\t\t86.0%<\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t– 15.0%<\/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\tPDN<\/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\t9<\/td>\n\n\t\t\t\t\t\tMQG<\/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\tSEK<\/a><\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t43.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n<\/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\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<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tAUT<\/a><\/td>\n\n\t\t\t\t\t\t3.430<\/td>\n\n\t\t\t\t\t\t3.758<\/td>\n\n\t\t\t\t\t\t9.56%<\/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\tQBE<\/a><\/td>\n\n\t\t\t\t\t\t13.351<\/td>\n\n\t\t\t\t\t\t14.443<\/td>\n\n\t\t\t\t\t\t8.18%<\/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\tPXS<\/a><\/td>\n\n\t\t\t\t\t\t1.700<\/td>\n\n\t\t\t\t\t\t1.800<\/td>\n\n\t\t\t\t\t\t5.88%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tSKI<\/a><\/td>\n\n\t\t\t\t\t\t1.405<\/td>\n\n\t\t\t\t\t\t1.449<\/td>\n\n\t\t\t\t\t\t3.13%<\/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\tSEK<\/a><\/td>\n\n\t\t\t\t\t\t6.970<\/td>\n\n\t\t\t\t\t\t7.134<\/td>\n\n\t\t\t\t\t\t2.35%<\/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\tSHL<\/a><\/td>\n\n\t\t\t\t\t\t13.098<\/td>\n\n\t\t\t\t\t\t13.281<\/td>\n\n\t\t\t\t\t\t1.40%<\/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\tTLS<\/a><\/td>\n\n\t\t\t\t\t\t3.398<\/td>\n\n\t\t\t\t\t\t3.435<\/td>\n\n\t\t\t\t\t\t1.09%<\/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\tRRL<\/a><\/td>\n\n\t\t\t\t\t\t4.413<\/td>\n\n\t\t\t\t\t\t4.460<\/td>\n\n\t\t\t\t\t\t1.07%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tORL<\/a><\/td>\n\n\t\t\t\t\t\t8.856<\/td>\n\n\t\t\t\t\t\t8.936<\/td>\n\n\t\t\t\t\t\t0.90%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tCSL<\/a><\/td>\n\n\t\t\t\t\t\t35.998<\/td>\n\n\t\t\t\t\t\t36.273<\/td>\n\n\t\t\t\t\t\t0.76%<\/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<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tLEI<\/a><\/td>\n\n\t\t\t\t\t\t23.633<\/td>\n\n\t\t\t\t\t\t21.998<\/td>\n\n\t\t\t\t\t\t– 6.92%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t4.206<\/td>\n\n\t\t\t\t\t\t4.095<\/td>\n\n\t\t\t\t\t\t– 2.64%<\/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\tCGF<\/a><\/td>\n\n\t\t\t\t\t\t5.039<\/td>\n\n\t\t\t\t\t\t4.953<\/td>\n\n\t\t\t\t\t\t– 1.71%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tBLD<\/a><\/td>\n\n\t\t\t\t\t\t4.425<\/td>\n\n\t\t\t\t\t\t4.364<\/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\t5<\/td>\n\n\t\t\t\t\t\tOZL<\/a><\/td>\n\n\t\t\t\t\t\t12.406<\/td>\n\n\t\t\t\t\t\t12.236<\/td>\n\n\t\t\t\t\t\t– 1.37%<\/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\tBOQ<\/a><\/td>\n\n\t\t\t\t\t\t8.150<\/td>\n\n\t\t\t\t\t\t8.069<\/td>\n\n\t\t\t\t\t\t– 0.99%<\/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\tFMG<\/a><\/td>\n\n\t\t\t\t\t\t7.101<\/td>\n\n\t\t\t\t\t\t7.064<\/td>\n\n\t\t\t\t\t\t– 0.52%<\/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\tVAH<\/a><\/td>\n\n\t\t\t\t\t\t0.480<\/td>\n\n\t\t\t\t\t\t0.478<\/td>\n\n\t\t\t\t\t\t– 0.42%<\/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\tMQA<\/a><\/td>\n\n\t\t\t\t\t\t1.858<\/td>\n\n\t\t\t\t\t\t1.854<\/td>\n\n\t\t\t\t\t\t– 0.22%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tPRY<\/a><\/td>\n\n\t\t\t\t\t\t3.289<\/td>\n\n\t\t\t\t\t\t3.283<\/td>\n\n\t\t\t\t\t\t– 0.18%<\/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\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<\/th>\n\n\t\t\t\t\t\tNew EF<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tMQG<\/a><\/td>\n\n\t\t\t\t\t\t211.229<\/td>\n\n\t\t\t\t\t\t291.229<\/td>\n\n\t\t\t\t\t\t37.87%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tJHX<\/a><\/td>\n\n\t\t\t\t\t\t30.803<\/td>\n\n\t\t\t\t\t\t39.009<\/td>\n\n\t\t\t\t\t\t26.64%<\/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\tPRG<\/a><\/td>\n\n\t\t\t\t\t\t25.414<\/td>\n\n\t\t\t\t\t\t30.386<\/td>\n\n\t\t\t\t\t\t19.56%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tSGT<\/a><\/td>\n\n\t\t\t\t\t\t18.750<\/td>\n\n\t\t\t\t\t\t21.297<\/td>\n\n\t\t\t\t\t\t13.58%<\/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\tCSR<\/a><\/td>\n\n\t\t\t\t\t\t15.750<\/td>\n\n\t\t\t\t\t\t17.800<\/td>\n\n\t\t\t\t\t\t13.02%<\/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\tPRU<\/a><\/td>\n\n\t\t\t\t\t\t14.350<\/td>\n\n\t\t\t\t\t\t15.940<\/td>\n\n\t\t\t\t\t\t11.08%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tQBE<\/a><\/td>\n\n\t\t\t\t\t\t132.729<\/td>\n\n\t\t\t\t\t\t137.164<\/td>\n\n\t\t\t\t\t\t3.34%<\/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\tTGA<\/a><\/td>\n\n\t\t\t\t\t\t19.867<\/td>\n\n\t\t\t\t\t\t20.400<\/td>\n\n\t\t\t\t\t\t2.68%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tBPT<\/a><\/td>\n\n\t\t\t\t\t\t8.660<\/td>\n\n\t\t\t\t\t\t8.860<\/td>\n\n\t\t\t\t\t\t2.31%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tIAG<\/a><\/td>\n\n\t\t\t\t\t\t23.700<\/td>\n\n\t\t\t\t\t\t24.013<\/td>\n\n\t\t\t\t\t\t1.32%<\/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<\/th>\n\n\t\t\t\t\t\tNew EF<\/th>\n\n\t\t\t\t\t\tChange<\/th>\n\n\t\t\t\t\t\tRecs<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\tAWC<\/a><\/td>\n\n\t\t\t\t\t\t0.143<\/td>\n\n\t\t\t\t\t\t– 0.096<\/td>\n\n\t\t\t\t\t\t– 167.13%<\/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\tLEI<\/a><\/td>\n\n\t\t\t\t\t\t187.550<\/td>\n\n\t\t\t\t\t\t128.550<\/td>\n\n\t\t\t\t\t\t– 31.46%<\/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\tBOQ<\/a><\/td>\n\n\t\t\t\t\t\t39.450<\/td>\n\n\t\t\t\t\t\t28.938<\/td>\n\n\t\t\t\t\t\t– 26.65%<\/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\tWHC<\/a><\/td>\n\n\t\t\t\t\t\t17.217<\/td>\n\n\t\t\t\t\t\t14.383<\/td>\n\n\t\t\t\t\t\t– 16.46%<\/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\tVAH<\/a><\/td>\n\n\t\t\t\t\t\t3.300<\/td>\n\n\t\t\t\t\t\t2.940<\/td>\n\n\t\t\t\t\t\t– 10.91%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tQAN<\/a><\/td>\n\n\t\t\t\t\t\t13.775<\/td>\n\n\t\t\t\t\t\t12.363<\/td>\n\n\t\t\t\t\t\t– 10.25%<\/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\tBCI<\/a><\/td>\n\n\t\t\t\t\t\t55.000<\/td>\n\n\t\t\t\t\t\t49.567<\/td>\n\n\t\t\t\t\t\t– 9.88%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tIGO<\/a><\/td>\n\n\t\t\t\t\t\t4.080<\/td>\n\n\t\t\t\t\t\t3.740<\/td>\n\n\t\t\t\t\t\t– 8.33%<\/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\tROC<\/a><\/td>\n\n\t\t\t\t\t\t4.977<\/td>\n\n\t\t\t\t\t\t4.577<\/td>\n\n\t\t\t\t\t\t– 8.04%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tSBM<\/a><\/td>\n\n\t\t\t\t\t\t38.300<\/td>\n\n\t\t\t\t\t\t35.800<\/td>\n\n\t\t\t\t\t\t– 6.53%<\/td>\n\n\t\t\t\t\t\t3<\/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>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\t\tFind out why FNArena<\/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":[90,23,45,89,35,24,39,91,88,37,31,30,33,25],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59769"}],"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=59769"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59769\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}