##{"id":60330,"date":"2012-07-30T10:01:45","date_gmt":"2012-07-30T00:01:45","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/07\/30\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-53\/"},"modified":"2012-07-30T10:01:45","modified_gmt":"2012-07-30T00:01:45","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-53","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/07\/30\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-53\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

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

\n\tDowngrades to company ratings by brokers in the FNArena<\/span> database outweighed upgrades this week by a score of 12 to nine, leaving total Buy ratings at 50.03%.<\/p>\n

\n\tAmong the upgrades was Billabong<\/span> ((BBG<\/span>)), where UBS lifted its rating to Neutral from Sell on news of yet another approach from private equity play TPG<\/span>. UBS's valuation has increased in line with the offer of $1.45 per share, though Citi<\/span> went the other way and downgraded to a Neutral rating from Buy given the share price reaction to TPG's<\/span> approach and the conditional nature of its proposal.<\/p>\n

\n\tNewcrest<\/span> ((NCM<\/span>)) was also upgraded by UBS to Buy from Neutral after delivering a solid quarterly production report. While delivery of key projects remains a major driver for the stock, UBS sees improved value following recent share price weakness, which justifies the upgrade in rating. Brokers across the market revised earnings forecasts and price targets on the back of the production report.<\/p>\n

\n\tThe June quarter production report also saw UBS upgrade OZ Minerals ((OZL<\/span>)) to Neutral from Sell, the move again based on improved valuation stemming from recent share price weakness. The quarterly report resulted in cuts to UBS's earnings estimates and price target, a move matched by others in the market as the result was factored into broker models.<\/p>\n

\n\tA positive trading update from Nufarm<\/span> included an increase in full year earnings guidance, which was enough for brokers to lift estimates and price targets. For JP Morgan it was also enough for a rating upgrade to Neutral from Underweight, which reflects both favourable<\/span> conditions in Australia and positive momentum in the ongoing process of repositioning the business.<\/p>\n

\n\tWhile trimming its earnings estimates and price target, Credit Suisse upgraded QR<\/span> National ((QRN<\/span>)) to Neutral from Underperform<\/span> based on revised total expected shareholder return expectations. A softening demand profile remains the broker's main concern with respect to the stock.<\/p>\n

\n\tRecent share price weakness has presented a buying opportunity in Seek ((SEK)) in the view of RBS Australia, as the broker notes buying the stock in periods when job ads are under pressure has typically paid off. Minor changes to forecasts see the broker trim its price target.<\/p>\n

\n\tThere is potential for Sigma Pharmaceutical ((SIP)) to start distributing excess capital to shareholders in the view of Citi, who expects any such increase in payouts will generate a share price re-rating. Recommendation has been upgraded to Buy from Neutral.<\/p>\n

\n\tAmong the downgrades, BC Iron ((BCI)) continues to deliver operationally according to UBS, but revisions to iron ore price expectations see the broker lower earnings forecasts from FY13. The changes mean a cut in price target and cause the broker to downgrade to a Neutral rating from Buy previously.<\/p>\n

\n\tBoth UBS and Citi downgraded GUD Holdings ((GUD)) to a Sell, the former from Buy and the latter from Neutral. The changes came after a full year profit result lower than had been expected and limited upside potential given what remain difficult operating conditions.<\/p>\n

\n\tLimited total return potential is also the reason behind Credit Suisse downgrading Goodman Fielder ((GFF)) to Sell from Hold, as the broker simply sees little scope for outperformance in the current environment. Minor changes to forecasts reflect some revised timing assumptions for restructuring charges.<\/p>\n

\n\tBA-Merrill Lynch has downgraded a couple of resource plays, moving to Sell ratings on both Grange Resources ((GRR)) and Intrepid Mines ((IAU)) from Buy in both cases. For Grange operational issues impact on production expectations and there are some management changes coming, while for Intrepid the suspension of operations at Tujuh Buki adds significantly to the investment risk associated with the company.<\/p>\n

\n\tHigher cash costs have impacted on Macquarie's earnings forecasts for Kingsgate ((KCN)) but the bigger issue is the potential for higher external funding requirements for the Nueva Esperanza project. This has been enough for Macquarie to downgrade to a Neutral rating from Buy.<\/p>\n

\n\tExpectations for a continuation of the trend of declining traffic for Macquarie Atlas's core APRR asset has seen JP Morgan revise its model for the company. Along with a cut in price target the broker has downgraded to a Sell rating from Neutral. <\/p>\n

\n\tRecent share price outperformance and some minor changes to forecasts and price target have been enough for Credit Suisse to downgrade Stockland ((SGP)) to a Neutral rating from Buy previously, while UBS has similarly downgraded Westfield Retail Trust ((WRT)) on valuation grounds. <\/p>\n

\n\tOutside of those stocks where ratings were changed, the major price target adjustment during the week was for Hutchison Telecommunications ((HTA)), where targets were reduced following what was regarded as a poor interim earnings result.<\/p>\n

\n\tThere were no major increases in earnings estimates during the week, while cuts to forecasts were largest for Aquarius Platinum ((AQP)), Western Areas ((WSA)), BC Iron, OZ Minerals, Ten Network ((TEN)) and Newcrest. <\/p>\n

\n\t
\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\tSuisse,Deutsche<*br*>Bank,JP<*br*>Morgan,Macquarie,RBS<*br*>Australia,UBS&b0=119,105,121,101,81,141,149,132&h0=78,104,81,123,92,88,143,108&s0=42,22,30,4,39,35,10,15″ style=”border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid” \/><\/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\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\tBILLABONG INTERNATIONAL 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tNAVITAS 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tNEWCREST MINING 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tNUFARM 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\t5<\/td>\n\n\t\t\t\t\t\tOZ MINERALS 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tQR NATIONAL<\/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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/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\tBuy<\/td>\n\n\t\t\t\t\t\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tSigma Pharmaceuticals Ltd<\/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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\tDowngrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\tBC IRON 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\t10<\/td>\n\n\t\t\t\t\t\tBILLABONG INTERNATIONAL 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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t11<\/td>\n\n\t\t\t\t\t\tG.U.D. 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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t12<\/td>\n\n\t\t\t\t\t\tG.U.D. 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t13<\/td>\n\n\t\t\t\t\t\tGOODMAN FIELDER 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t14<\/td>\n\n\t\t\t\t\t\tGRANGE RESOURCES 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\tINTREPID MINES 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t16<\/td>\n\n\t\t\t\t\t\tKINGSGATE CONSOLIDATED 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\t17<\/td>\n\n\t\t\t\t\t\tMACQUARIE ATLAS ROADS 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t18<\/td>\n\n\t\t\t\t\t\tSTOCKLAND<\/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\t19<\/td>\n\n\t\t\t\t\t\tWESTFIELD RETAIL 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\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\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\tBBG<\/a><\/td>\n\n\t\t\t\t\t\t– 50.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t37.0%<\/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\tNVT<\/a><\/td>\n\n\t\t\t\t\t\t17.0%<\/td>\n\n\t\t\t\t\t\t33.0%<\/td>\n\n\t\t\t\t\t\t16.0%<\/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\tQRN<\/a><\/td>\n\n\t\t\t\t\t\t14.0%<\/td>\n\n\t\t\t\t\t\t29.0%<\/td>\n\n\t\t\t\t\t\t15.0%<\/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\tNUF<\/a><\/td>\n\n\t\t\t\t\t\t– 29.0%<\/td>\n\n\t\t\t\t\t\t– 14.0%<\/td>\n\n\t\t\t\t\t\t15.0%<\/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\tNWS<\/a><\/td>\n\n\t\t\t\t\t\t29.0%<\/td>\n\n\t\t\t\t\t\t43.0%<\/td>\n\n\t\t\t\t\t\t14.0%<\/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\tSEK<\/a><\/td>\n\n\t\t\t\t\t\t29.0%<\/td>\n\n\t\t\t\t\t\t43.0%<\/td>\n\n\t\t\t\t\t\t14.0%<\/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\tSWM<\/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\t8<\/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\t9<\/td>\n\n\t\t\t\t\t\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t88.0%<\/td>\n\n\t\t\t\t\t\t100.0%<\/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\t10<\/td>\n\n\t\t\t\t\t\tHTA<\/a><\/td>\n\n\t\t\t\t\t\t– 33.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t8.0%<\/td>\n\n\t\t\t\t\t\t4<\/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\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\tGUD<\/a><\/td>\n\n\t\t\t\t\t\t17.0%<\/td>\n\n\t\t\t\t\t\t– 33.0%<\/td>\n\n\t\t\t\t\t\t– 50.0%<\/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\tBCI<\/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\tGRR<\/a><\/td>\n\n\t\t\t\t\t\t83.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 33.0%<\/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\tMQA<\/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\tWRT<\/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\tSGP<\/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
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tWOW<\/a><\/td>\n\n\t\t\t\t\t\t38.0%<\/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\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tOSH<\/a><\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t88.0%<\/td>\n\n\t\t\t\t\t\t– 12.0%<\/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
\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\tBBG<\/a><\/td>\n\n\t\t\t\t\t\t1.159<\/td>\n\n\t\t\t\t\t\t1.277<\/td>\n\n\t\t\t\t\t\t10.18%<\/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\tNVT<\/a><\/td>\n\n\t\t\t\t\t\t3.853<\/td>\n\n\t\t\t\t\t\t4.168<\/td>\n\n\t\t\t\t\t\t8.18%<\/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\tNUF<\/a><\/td>\n\n\t\t\t\t\t\t4.893<\/td>\n\n\t\t\t\t\t\t5.059<\/td>\n\n\t\t\t\t\t\t3.39%<\/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\tWOW<\/a><\/td>\n\n\t\t\t\t\t\t27.108<\/td>\n\n\t\t\t\t\t\t27.510<\/td>\n\n\t\t\t\t\t\t1.48%<\/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\tWRT<\/a><\/td>\n\n\t\t\t\t\t\t2.900<\/td>\n\n\t\t\t\t\t\t2.911<\/td>\n\n\t\t\t\t\t\t0.38%<\/td>\n\n\t\t\t\t\t\t7<\/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\tHTA<\/a><\/td>\n\n\t\t\t\t\t\t0.055<\/td>\n\n\t\t\t\t\t\t0.030<\/td>\n\n\t\t\t\t\t\t– 45.45%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\tMQA<\/a><\/td>\n\n\t\t\t\t\t\t1.854<\/td>\n\n\t\t\t\t\t\t1.738<\/td>\n\n\t\t\t\t\t\t– 6.26%<\/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\tBCI<\/a><\/td>\n\n\t\t\t\t\t\t3.350<\/td>\n\n\t\t\t\t\t\t3.150<\/td>\n\n\t\t\t\t\t\t– 5.97%<\/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\tOZL<\/a><\/td>\n\n\t\t\t\t\t\t9.956<\/td>\n\n\t\t\t\t\t\t9.439<\/td>\n\n\t\t\t\t\t\t– 5.19%<\/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\tSWM<\/a><\/td>\n\n\t\t\t\t\t\t2.503<\/td>\n\n\t\t\t\t\t\t2.390<\/td>\n\n\t\t\t\t\t\t– 4.51%<\/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\tGUD<\/a><\/td>\n\n\t\t\t\t\t\t8.148<\/td>\n\n\t\t\t\t\t\t7.898<\/td>\n\n\t\t\t\t\t\t– 3.07%<\/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\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t32.575<\/td>\n\n\t\t\t\t\t\t31.761<\/td>\n\n\t\t\t\t\t\t– 2.50%<\/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\tGRR<\/a><\/td>\n\n\t\t\t\t\t\t0.728<\/td>\n\n\t\t\t\t\t\t0.712<\/td>\n\n\t\t\t\t\t\t– 2.20%<\/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\tSEK<\/a><\/td>\n\n\t\t\t\t\t\t7.144<\/td>\n\n\t\t\t\t\t\t7.101<\/td>\n\n\t\t\t\t\t\t– 0.60%<\/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\tQRN<\/a><\/td>\n\n\t\t\t\t\t\t3.850<\/td>\n\n\t\t\t\t\t\t3.836<\/td>\n\n\t\t\t\t\t\t– 0.36%<\/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<\/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\tNAB<\/a><\/td>\n\n\t\t\t\t\t\t248.925<\/td>\n\n\t\t\t\t\t\t254.950<\/td>\n\n\t\t\t\t\t\t2.42%<\/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\tROC<\/a><\/td>\n\n\t\t\t\t\t\t4.470<\/td>\n\n\t\t\t\t\t\t4.572<\/td>\n\n\t\t\t\t\t\t2.28%<\/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\tCGF<\/a><\/td>\n\n\t\t\t\t\t\t56.800<\/td>\n\n\t\t\t\t\t\t57.871<\/td>\n\n\t\t\t\t\t\t1.89%<\/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\tJHX<\/a><\/td>\n\n\t\t\t\t\t\t37.502<\/td>\n\n\t\t\t\t\t\t38.017<\/td>\n\n\t\t\t\t\t\t1.37%<\/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\tQBE<\/a><\/td>\n\n\t\t\t\t\t\t137.747<\/td>\n\n\t\t\t\t\t\t139.205<\/td>\n\n\t\t\t\t\t\t1.06%<\/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\tASL<\/a><\/td>\n\n\t\t\t\t\t\t42.214<\/td>\n\n\t\t\t\t\t\t42.643<\/td>\n\n\t\t\t\t\t\t1.02%<\/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\tCTX<\/a><\/td>\n\n\t\t\t\t\t\t131.233<\/td>\n\n\t\t\t\t\t\t132.400<\/td>\n\n\t\t\t\t\t\t0.89%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tTEL<\/a><\/td>\n\n\t\t\t\t\t\t15.131<\/td>\n\n\t\t\t\t\t\t15.217<\/td>\n\n\t\t\t\t\t\t0.57%<\/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\tWOW<\/a><\/td>\n\n\t\t\t\t\t\t189.850<\/td>\n\n\t\t\t\t\t\t190.750<\/td>\n\n\t\t\t\t\t\t0.47%<\/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\tALZ<\/a><\/td>\n\n\t\t\t\t\t\t24.050<\/td>\n\n\t\t\t\t\t\t24.157<\/td>\n\n\t\t\t\t\t\t0.44%<\/td>\n\n\t\t\t\t\t\t7<\/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\tAQP<\/a><\/td>\n\n\t\t\t\t\t\t7.473<\/td>\n\n\t\t\t\t\t\t4.566<\/td>\n\n\t\t\t\t\t\t– 38.90%<\/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\tWSA<\/a><\/td>\n\n\t\t\t\t\t\t23.667<\/td>\n\n\t\t\t\t\t\t19.017<\/td>\n\n\t\t\t\t\t\t– 19.65%<\/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\tBCI<\/a><\/td>\n\n\t\t\t\t\t\t80.800<\/td>\n\n\t\t\t\t\t\t69.233<\/td>\n\n\t\t\t\t\t\t– 14.32%<\/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\tOZL<\/a><\/td>\n\n\t\t\t\t\t\t63.438<\/td>\n\n\t\t\t\t\t\t54.388<\/td>\n\n\t\t\t\t\t\t– 14.27%<\/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\tTEN<\/a><\/td>\n\n\t\t\t\t\t\t1.953<\/td>\n\n\t\t\t\t\t\t1.675<\/td>\n\n\t\t\t\t\t\t– 14.23%<\/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\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t193.363<\/td>\n\n\t\t\t\t\t\t166.475<\/td>\n\n\t\t\t\t\t\t– 13.91%<\/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\tAGO<\/a><\/td>\n\n\t\t\t\t\t\t23.550<\/td>\n\n\t\t\t\t\t\t20.938<\/td>\n\n\t\t\t\t\t\t– 11.09%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t32.602<\/td>\n\n\t\t\t\t\t\t29.118<\/td>\n\n\t\t\t\t\t\t– 10.69%<\/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\tSTO<\/a><\/td>\n\n\t\t\t\t\t\t65.650<\/td>\n\n\t\t\t\t\t\t59.925<\/td>\n\n\t\t\t\t\t\t– 8.72%<\/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\tMQG<\/a><\/td>\n\n\t\t\t\t\t\t269.143<\/td>\n\n\t\t\t\t\t\t246.529<\/td>\n\n\t\t\t\t\t\t– 8.40%<\/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\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":[23,89,35,36,39,88,42,37,22,31,30],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60330"}],"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=60330"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60330\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}