{"id":60510,"date":"2012-09-03T10:05:27","date_gmt":"2012-09-03T00:05:27","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/09\/03\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-58\/"},"modified":"2012-09-03T10:05:27","modified_gmt":"2012-09-03T00:05:27","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-58","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/09\/03\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-58\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

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

\n\tAs reporting season drew to a close last week the trend of ratings downgrades far exceeding upgrades continued, showing 48 cuts to ratings against 11 upgrades. Total Buy ratings have fallen to 44.59%.<\/p>\n

\n\tAristocrat Leisure ((ALL)) made both lists, RBS<\/span> Australia upgrading to a Buy rating from Hold on the view interim earnings contained enough good news to suggest market conditions for the company were improving. In contrast, Citi<\/span> downgraded to Hold from Buy on valuation grounds as while the broker liked the interim result the share price has had a solid run of late.<\/p>\n

\n\tTranspacific Industries ((TPI<\/span>)) saw RBS<\/span> move to a Buy rating from Hold as the company appears to be moving through its deleveraging<\/span> process faster than had been expected as cash flows and the balance sheet are now in better shape.<\/p>\n

\n\tRBS Australia also upgraded Automotive Holdings ((AHE)) and Qantas ((QAN)) to Buy ratings from Hold previously, the former given the expectation of further solid earnings growth momentum from recent acquisitions and new dealerships and the latter an improved cash position reduces the likelihood of a capital raising. <\/p>\n

\n\tLindsay Australia ((LAU)) was RBS's final upgrade for the week, the broker moving to a Buy rating from Hold as updated guidance from management saw earnings estimates increased. At the same time, recent share price weakness has improved the value on offer in the stock.<\/p>\n

\n\tAlso active in lifting ratings was JP Morgan, who upgraded Infigen ((IFN)) to Buy from Hold to reflect increases to forecasts following a better than expected profit result. PMI Gold ((PVM)) enjoyed a similar upgrade from JP Morgan, reflecting positive feasibility results for the Obotan project in West Africa and in particular the lack of any bad news with respect to grades at the project. <\/p>\n

\n\tFor Seven Group Holdings ((SVW)) a better than expected profit result thanks in large part to strong earnings from WestTrac was enough for JP Morgan to upgrade to a Buy rating from Hold previously, with price target also rising on the back of changes to earnings forecasts.<\/p>\n

\n\tBoth Macquarie Atlas ((MQA)) and SP Ausnet ((SPN)) were also upgraded by JP Morgan but in both cases to Neutral ratings from Underweight previously, the former given some positives such as a maiden dividend announcement and some benefits from a weaker AUD\/EUR exchange rate and the latter given scope for the company to pass through the costs of the Black Sunday bushfire litigation to customers on the back of a draft decision as to what qualifies as an insurance event. <\/p>\n

\n\tSP Ausnet also experienced once downgrade in rating, Credit Suisse moving to a Hold from Buy previously as while the draft ruling is a potential positive the broker suggests recent share price performance means a more cautious rating is now appropriate.<\/p>\n

\n\tThe other upgrade during the week came from BA Merrill Lynch, the broker upgrading Prime Media ((PRT)) to Neutral from Underperform on the basis of an attractive valuation relative to peers. This follows a profit result that prompted the broker to lift its numbers in coming years. <\/p>\n

\n\tMultiple downgrades to a stock was a major trend this week, with Ausdrill ((ASL)), Australian Infrastructure ((AIX), Boart Longyear ((BLY)), Centro Retail ((CRF)), FKP Property ((FKP)), Investa Office ((IOF)), Newcrest Mining ((NCM)) and Telecom New Zealand ((TEL)) all seeing ratings downgraded by more than one broker.<\/p>\n

\n\tFor Ausdrill an in-line full year earnings result was not the issue as the Best Tractor Parts acquisition has lifted gearing levels and there is now less scope for outperformance relative to expectations. As a result Macquarie has downgraded to Hold from Buy and BA-ML to Sell from Hold.<\/p>\n

\n\tAustralian Infrastructure also delivered a solid earnings result but the proposed acquisition by the Future Fund has become the main point of interest. For JP Morgan and UBS the proposal fully values AIX and the former notes a deal will take some time to become a reality. JP Morgan downgrades to Sell from Buy and UBS to Hold from Buy.<\/p>\n

\n\tA record interim result from Boart Longyear was accompanied by significant cuts to earnings guidance to reflect weaker exploration spending. Brokers quickly adjusted earnings forecasts and price targets accordingly, with RBS, Macquarie and UBS all downgrading to Neutral ratings from Buy previously given little scope for share price outperformance in the current environment.<\/p>\n

\n\tResults confirmed Centro Retail has done a good job in reinventing itself but as the market has recognised this and driven up the share price this year. With valuation less attractive Macquarie, JP Morgan and UBS have downgraded ratings JP Morgan to Sell from Hold and the other two to Hold from Buy. <\/p>\n

\n\tRBS, BA-ML and JP Morgan have all moved to Hold ratings on FKP Property from previous Buy ratings, as the need to raise capital to strengthen the balance sheet while at the same time indicating further asset sales are likely has raised questions about the outlook for the stock. Price targets were also adjusted to reflect the capital raising. <\/p>\n

\n\tFull year earnings from Investa Office were solid and guidance for the coming year was regarded as impressive by JP Morgan but with the share price having reacted to the solid performance in recent months the broker downgraded to Hold from Buy on valuation grounds. UBS made a similar change in rating post the result for the same reason.<\/p>\n

\n\tNewcrest's pre-feasibility study for the Golpu project fell short of expectations given higher capex costs and lower output and this has prompted some downgrades, RBS and UBS both cutting ratings to Hold from Buy. Credit Suisse went further and downgraded to Sell from Buy on Newcrest, as the delay to the project also impacted on the broker's valuation for the stock.<\/p>\n

\n\tWhile Telecom New Zealand broadly met expectations with its profit result there were signs of revenues coming under pressure given increased competition in the fixed line business in particular. Both Citi and JP Morgan downgraded ratings to Sell from Hold as earnings estimates and price targets were cut.<\/p>\n

\n\tAmong other downgrades, RBS has moved to a Neutral rating on AP Eagers ((APE)) from Buy previously, the change a valuation call as while forecasts have been lifted following a solid earnings result this is now reflected in the share price.<\/p>\n

\n\tLower revenues and higher costs meant a poor Atlas Iron ((AGO)) result, which prompted UBS to cut earnings forecasts and price target significantly. With the current iron ore price an issue the broker downgrades to a Sell rating from Hold previously.<\/p>\n

\n\tA share price rally over the past couple of months has been enough for JP Morgan to downgrade AWE ((AWE)) to Sell from Buy, a change supported by the broker's concerns with respect to capex risk for the BassGas project and financing for the Ande Lamut development in Indonesia.<\/p>\n

\n\tCaltex ((CTX)) delivered a solid interim result in the view of Credit Suisse, but the share price has rallied solidly in recent weeks and this implies limited upside from current levels in the broker's view. As a result, rating has been cut to Sell from Hold.<\/p>\n

\n\tStill challenging conditions prompted Deutsche Bank to lower earnings estimates for Fairfax Media ((FXJ)), the changes bringing about a cut in price target. The ongoing uncertainty with respect to earnings and the group's transition to digital revenue streams sees the broker downgrade to a Sell rating from Hold.<\/p>\n

\n\tFlight Centre ((FLT)) delivered a good full year profit result in challenging conditions and this was enough for RBS to lift forecasts and price target. At the same time the broker cut its rating to Hold from Buy as the stock is now within 10% of the revised price target.<\/p>\n

\n\tG8 Education ((GEM)) beat the forecasts of Citi with its interim result but again the result has been reflected in an improved share price. With valuation now less attractive Citi has moved to a Hold rating from Buy.<\/p>\n

\n\tThe sale of the Integro business by Goodman Fielder ((GFF)) was done at a price generally in line with expectations but does nothing to put an end to margin concerns in the view of JP Morgan. At the same time balance sheet issues have not been fully dealt with, so the broker has downgraded to a Sell recommendation from Hold previously.<\/p>\n

\n\tGraincorp ((GNC) has acquired Integro and UBS sees the move as a solid one for the group given the deal should be earnings accretive and add to strategic assets. Weather remains a risk to earnings however and the broker sees valuation as full at current levels, prompting a downgrade to a Hold rating from Buy.<\/p>\n

\n\tExposure to the resources sector has prompted Macquarie to lower earnings forecasts for Lycopodium ((LYL)), the changes pushing down the broker's price target. With the share price above the revised target rating has been downgraded to Hold from Buy.<\/p>\n

\n\tOngoing delays to an operating licence for its LAMP facility in Malaysia continue to pressure Lynas's ((LYC)) balance sheet and this increased risk is enough for Deutsche to downgrade to a Sell rating from Buy previously. <\/p>\n

\n\tA change in analyst has seen Credit Suisse downgrade NRW Holdings ((NWH)) to Hold from Buy, the change accompanied by revisions to earnings estimates and price target following a strong full year profit result.<\/p>\n

\n\tTough market conditions have increased doubts PaperlinX ((PPX) will be able to maintain earnings, especially given some better assets are being sold to address debt issues. Deutsche has downgraded to a Hold rating on the stock from Buy.<\/p>\n

\n\tPeet ((PPC)) delivered a reasonable earnings result but competition continues to increase and sentiment remains poor given ongoing discounting and resulting margin pressure. This combination sees Citi downgrade to a Neutral rating from Buy.<\/p>\n

\n\tWeaker base metal prices impacted on interim earnings for Perilya ((PEM)) and have driven Macquarie to cut forecasts for the full year. With price target cut the broker downgrades to a Hold rating from Buy. <\/p>\n

\n\tPerpetual's ((PPT)) profit result showed transformations being undertaken are beginning to have some impact, but the view full benefits from the program won't be apparent until 2015 lead UBS to downgrade to a Sell rating from Hold.<\/p>\n

\n\tRetail Food (RFG)) delivered a solid enough earnings result in the current environment but for RBS the fact the share price has moved close to its revised target is enough for a downgrade in rating to Hold from Buy.<\/p>\n

\n\tThe coming year looks to be a transition period for Seymour White ((SWL)) after some problem contracts impacted on FY12 earnings, so with the stock around fair value at current levels RBS has downgraded to a Hold rating from a Buy previously.<\/p>\n

\n\tA strong run for Sigma ((SIP)) shares over the past few months has the stock appropriately priced at current levels in the view of Citi. As a result, the broker downgrades to a Hold from Buy. Valuation is also the issue for Spark Infrastructure ((SKI)) in Credit Suisse's view, the broker downgrading to a Neutral rating from Buy.<\/p>\n

\n\tIt is a similar story for Toll Holdings ((TOL)), Credit Suisse moving to a Hold rating from Buy as recent price strength limits the potential upside on offer. A weak result prompted the broker to downgrade Transfield Servies ((TSE)) to Hold from Buy, as full year earnings have been difficult to reconcile and increase questions with respect to earnings going forward.<\/p>\n

\n\tCredit Suisse also moved to a Hold rating from Buy on Virgin Australia ((VAH)) as while the company now appears in much better shape this is reflected in the share price following recent gains. RBS Australia has similarly downgraded Wellcom Group ((WLL)) on valuation grounds given recent share price strength. The broker viewed the full year profit result as solid, prompting some increases to earnings forecasts and price target.<\/p>\n

\n\tLower margin assumptions have seen BA-ML lower earnings forecasts for WHK Group ((WHG)) and with the stock trading close to this revised valuation the broker downgrades to a Hold rating from Buy. It is a similar story for Woolworths ((WOW)), as while full year earnings were solid this is priced into the stock and so RBS has downgraded to a Hold rating from Buy previously.<\/p>\n

\n\tWith respect to target price changes, the largest increase was enjoyed by Automotive Holdings, while the major cuts to targets were seen in Boart Longyear and Mirabela Nickel ((MBN)). In terms of earnings changes the largest increases were seen in Whitehaven ((WHC)) and Iluka, while the major cuts were for Macquarie Atlas, Atlas Iron, CSG ((CSV)), Salmat ((SLM)), Boart Longyear and Beadell Resources ((BDR)).  <\/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=114,93,104,88,76,129,140,118&h0=77,113,93,131,94,100,154,123&s0=49,26,35,10,45,37,10,15″ 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\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\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\tARISTOCRAT LEISURE 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\t2<\/td>\n\n\t\t\t\t\t\tAUTOMOTIVE HOLDINGS GROUP 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\t3<\/td>\n\n\t\t\t\t\t\tINFIGEN ENERGY<\/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\tLINDSAY AUSTRALIA 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\t5<\/td>\n\n\t\t\t\t\t\tMACQUARIE ATLAS ROADS GROUP<\/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\t6<\/td>\n\n\t\t\t\t\t\tPMI GOLD CORPORATION<\/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\t7<\/td>\n\n\t\t\t\t\t\tPRIME MEDIA GROUP 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\t8<\/td>\n\n\t\t\t\t\t\tQANTAS AIRWAYS 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\t9<\/td>\n\n\t\t\t\t\t\tSEVEN GROUP HOLDINGS 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tSP AUSNET<\/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\t11<\/td>\n\n\t\t\t\t\t\tTranspacific Industries Group 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\tDowngrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t12<\/td>\n\n\t\t\t\t\t\tAP Eagers 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t13<\/td>\n\n\t\t\t\t\t\tARISTOCRAT LEISURE 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\t14<\/td>\n\n\t\t\t\t\t\tATLAS IRON 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\tAUSDRILL 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\t16<\/td>\n\n\t\t\t\t\t\tAUSDRILL 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\t17<\/td>\n\n\t\t\t\t\t\tAUSTRALIAN INFRASTRUCTURE FUND<\/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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t18<\/td>\n\n\t\t\t\t\t\tAUSTRALIAN INFRASTRUCTURE 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t19<\/td>\n\n\t\t\t\t\t\tAWE 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t20<\/td>\n\n\t\t\t\t\t\tBOART LONGYEAR 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t21<\/td>\n\n\t\t\t\t\t\tBOART LONGYEAR 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\t22<\/td>\n\n\t\t\t\t\t\tBOART LONGYEAR 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\t23<\/td>\n\n\t\t\t\t\t\tCALTEX AUSTRALIA 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\t24<\/td>\n\n\t\t\t\t\t\tCENTRO RETAIL AUSTRALIA<\/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\t25<\/td>\n\n\t\t\t\t\t\tCENTRO RETAIL AUSTRALIA<\/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\t26<\/td>\n\n\t\t\t\t\t\tCENTRO RETAIL AUSTRALIA<\/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\t27<\/td>\n\n\t\t\t\t\t\tFAIRFAX MEDIA 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\t28<\/td>\n\n\t\t\t\t\t\tFKP PROPERTY 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t29<\/td>\n\n\t\t\t\t\t\tFKP PROPERTY 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t30<\/td>\n\n\t\t\t\t\t\tFKP PROPERTY 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t31<\/td>\n\n\t\t\t\t\t\tFLIGHT CENTRE 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t32<\/td>\n\n\t\t\t\t\t\tG8 EDUCATION 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\t33<\/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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t34<\/td>\n\n\t\t\t\t\t\tGRAINCORP 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\t35<\/td>\n\n\t\t\t\t\t\tINVESTA 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\t36<\/td>\n\n\t\t\t\t\t\tINVESTA 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t37<\/td>\n\n\t\t\t\t\t\tLYCOPODIUM 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\t38<\/td>\n\n\t\t\t\t\t\tLYNAS CORPORATION 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t39<\/td>\n\n\t\t\t\t\t\tNEWCREST MINING 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t40<\/td>\n\n\t\t\t\t\t\tNEWCREST MINING 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\t41<\/td>\n\n\t\t\t\t\t\tNEWCREST MINING 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t42<\/td>\n\n\t\t\t\t\t\tNRW 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t43<\/td>\n\n\t\t\t\t\t\tPAPERLINX 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\t44<\/td>\n\n\t\t\t\t\t\tPEET & COMPANY 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\t45<\/td>\n\n\t\t\t\t\t\tPERILYA 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\t46<\/td>\n\n\t\t\t\t\t\tPERPETUAL 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t47<\/td>\n\n\t\t\t\t\t\tRETAIL FOOD 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t48<\/td>\n\n\t\t\t\t\t\tSEYMOUR WHYTE 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t49<\/td>\n\n\t\t\t\t\t\tSigma Pharmaceuticals 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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t50<\/td>\n\n\t\t\t\t\t\tSP AUSNET<\/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\t51<\/td>\n\n\t\t\t\t\t\tSPARK INFRASTRUCTURE 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\t52<\/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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t53<\/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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t54<\/td>\n\n\t\t\t\t\t\tTOLL 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t55<\/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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t56<\/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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t57<\/td>\n\n\t\t\t\t\t\tWELLCOM 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\tRBS Australia<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t58<\/td>\n\n\t\t\t\t\t\tWHK 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t59<\/td>\n\n\t\t\t\t\t\tWOOLWORTHS 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\tRBS Australia<\/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\tMBN<\/a><\/td>\n\n\t\t\t\t\t\t60.0%<\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t40.0%<\/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\tMQA<\/a><\/td>\n\n\t\t\t\t\t\t20.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t30.0%<\/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\tAHE<\/a><\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t25.0%<\/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\tSVW<\/a><\/td>\n\n\t\t\t\t\t\t40.0%<\/td>\n\n\t\t\t\t\t\t60.0%<\/td>\n\n\t\t\t\t\t\t20.0%<\/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\tBPT<\/a><\/td>\n\n\t\t\t\t\t\t20.0%<\/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\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tROC<\/a><\/td>\n\n\t\t\t\t\t\t80.0%<\/td>\n\n\t\t\t\t\t\t100.0%<\/td>\n\n\t\t\t\t\t\t20.0%<\/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\tIFN<\/a><\/td>\n\n\t\t\t\t\t\t60.0%<\/td>\n\n\t\t\t\t\t\t80.0%<\/td>\n\n\t\t\t\t\t\t20.0%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tPRT<\/a><\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t83.0%<\/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\t9<\/td>\n\n\t\t\t\t\t\tMRM<\/a><\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t83.0%<\/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\t10<\/td>\n\n\t\t\t\t\t\tPBG<\/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<\/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\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t88.0%<\/td>\n\n\t\t\t\t\t\t38.0%<\/td>\n\n\t\t\t\t\t\t– 50.0%<\/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\tVAH<\/a><\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t14.0%<\/td>\n\n\t\t\t\t\t\t– 43.0%<\/td>\n\n\t\t\t\t\t\t7<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tPPC<\/a><\/td>\n\n\t\t\t\t\t\t80.0%<\/td>\n\n\t\t\t\t\t\t40.0%<\/td>\n\n\t\t\t\t\t\t– 40.0%<\/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\tLYC<\/a><\/td>\n\n\t\t\t\t\t\t80.0%<\/td>\n\n\t\t\t\t\t\t40.0%<\/td>\n\n\t\t\t\t\t\t– 40.0%<\/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\tBLY<\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t25.0%<\/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\t6<\/td>\n\n\t\t\t\t\t\tRFG<\/a><\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t33.0%<\/td>\n\n\t\t\t\t\t\t– 34.0%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tSKI<\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t38.0%<\/td>\n\n\t\t\t\t\t\t– 33.0%<\/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\tASL<\/a><\/td>\n\n\t\t\t\t\t\t86.0%<\/td>\n\n\t\t\t\t\t\t57.0%<\/td>\n\n\t\t\t\t\t\t– 29.0%<\/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\tAWE<\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t43.0%<\/td>\n\n\t\t\t\t\t\t– 28.0%<\/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\tTEL<\/a><\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t– 50.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n<\/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\tAHE<\/a><\/td>\n\n\t\t\t\t\t\t2.780<\/td>\n\n\t\t\t\t\t\t3.120<\/td>\n\n\t\t\t\t\t\t12.23%<\/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\tPRT<\/a><\/td>\n\n\t\t\t\t\t\t0.813<\/td>\n\n\t\t\t\t\t\t0.878<\/td>\n\n\t\t\t\t\t\t8.00%<\/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\tVAH<\/a><\/td>\n\n\t\t\t\t\t\t0.454<\/td>\n\n\t\t\t\t\t\t0.486<\/td>\n\n\t\t\t\t\t\t7.05%<\/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\tRHC<\/a><\/td>\n\n\t\t\t\t\t\t21.185<\/td>\n\n\t\t\t\t\t\t22.439<\/td>\n\n\t\t\t\t\t\t5.92%<\/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\tFLT<\/a><\/td>\n\n\t\t\t\t\t\t24.461<\/td>\n\n\t\t\t\t\t\t25.816<\/td>\n\n\t\t\t\t\t\t5.54%<\/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\tIFN<\/a><\/td>\n\n\t\t\t\t\t\t0.478<\/td>\n\n\t\t\t\t\t\t0.504<\/td>\n\n\t\t\t\t\t\t5.44%<\/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\tQAN<\/a><\/td>\n\n\t\t\t\t\t\t1.529<\/td>\n\n\t\t\t\t\t\t1.594<\/td>\n\n\t\t\t\t\t\t4.25%<\/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\tSVW<\/a><\/td>\n\n\t\t\t\t\t\t9.424<\/td>\n\n\t\t\t\t\t\t9.794<\/td>\n\n\t\t\t\t\t\t3.93%<\/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\tWOW<\/a><\/td>\n\n\t\t\t\t\t\t27.510<\/td>\n\n\t\t\t\t\t\t28.335<\/td>\n\n\t\t\t\t\t\t3.00%<\/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\tMQA<\/a><\/td>\n\n\t\t\t\t\t\t1.708<\/td>\n\n\t\t\t\t\t\t1.755<\/td>\n\n\t\t\t\t\t\t2.75%<\/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 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\tBLY<\/a><\/td>\n\n\t\t\t\t\t\t3.953<\/td>\n\n\t\t\t\t\t\t2.584<\/td>\n\n\t\t\t\t\t\t– 34.63%<\/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\tMBN<\/a><\/td>\n\n\t\t\t\t\t\t0.946<\/td>\n\n\t\t\t\t\t\t0.700<\/td>\n\n\t\t\t\t\t\t– 26.00%<\/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\tAGO<\/a><\/td>\n\n\t\t\t\t\t\t2.636<\/td>\n\n\t\t\t\t\t\t2.361<\/td>\n\n\t\t\t\t\t\t– 10.43%<\/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\tLYC<\/a><\/td>\n\n\t\t\t\t\t\t1.490<\/td>\n\n\t\t\t\t\t\t1.340<\/td>\n\n\t\t\t\t\t\t– 10.07%<\/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\tNWH<\/a><\/td>\n\n\t\t\t\t\t\t4.276<\/td>\n\n\t\t\t\t\t\t3.924<\/td>\n\n\t\t\t\t\t\t– 8.23%<\/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\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t30.576<\/td>\n\n\t\t\t\t\t\t28.580<\/td>\n\n\t\t\t\t\t\t– 6.53%<\/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\tPPC<\/a><\/td>\n\n\t\t\t\t\t\t1.324<\/td>\n\n\t\t\t\t\t\t1.250<\/td>\n\n\t\t\t\t\t\t– 5.59%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tDML<\/a><\/td>\n\n\t\t\t\t\t\t1.400<\/td>\n\n\t\t\t\t\t\t1.360<\/td>\n\n\t\t\t\t\t\t– 2.86%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t3.500<\/td>\n\n\t\t\t\t\t\t3.405<\/td>\n\n\t\t\t\t\t\t– 2.71%<\/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\tGFF<\/a><\/td>\n\n\t\t\t\t\t\t0.576<\/td>\n\n\t\t\t\t\t\t0.568<\/td>\n\n\t\t\t\t\t\t– 1.39%<\/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\tWHC<\/a><\/td>\n\n\t\t\t\t\t\t6.043<\/td>\n\n\t\t\t\t\t\t7.271<\/td>\n\n\t\t\t\t\t\t20.32%<\/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\tILU<\/a><\/td>\n\n\t\t\t\t\t\t109.375<\/td>\n\n\t\t\t\t\t\t122.163<\/td>\n\n\t\t\t\t\t\t11.69%<\/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\tPRT<\/a><\/td>\n\n\t\t\t\t\t\t8.167<\/td>\n\n\t\t\t\t\t\t8.983<\/td>\n\n\t\t\t\t\t\t9.99%<\/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\tASL<\/a><\/td>\n\n\t\t\t\t\t\t42.671<\/td>\n\n\t\t\t\t\t\t46.929<\/td>\n\n\t\t\t\t\t\t9.98%<\/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\tBPT<\/a><\/td>\n\n\t\t\t\t\t\t8.760<\/td>\n\n\t\t\t\t\t\t9.480<\/td>\n\n\t\t\t\t\t\t8.22%<\/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\tOGC<\/a><\/td>\n\n\t\t\t\t\t\t2.968<\/td>\n\n\t\t\t\t\t\t3.210<\/td>\n\n\t\t\t\t\t\t8.15%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tROC<\/a><\/td>\n\n\t\t\t\t\t\t4.729<\/td>\n\n\t\t\t\t\t\t5.096<\/td>\n\n\t\t\t\t\t\t7.76%<\/td>\n\n\t\t\t\t\t\t5<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tSVW<\/a><\/td>\n\n\t\t\t\t\t\t99.633<\/td>\n\n\t\t\t\t\t\t106.917<\/td>\n\n\t\t\t\t\t\t7.31%<\/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\tQRN<\/a><\/td>\n\n\t\t\t\t\t\t20.363<\/td>\n\n\t\t\t\t\t\t21.288<\/td>\n\n\t\t\t\t\t\t4.54%<\/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\tLLC<\/a><\/td>\n\n\t\t\t\t\t\t92.600<\/td>\n\n\t\t\t\t\t\t96.788<\/td>\n\n\t\t\t\t\t\t4.52%<\/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\tMQA<\/a><\/td>\n\n\t\t\t\t\t\t20.200<\/td>\n\n\t\t\t\t\t\t2.517<\/td>\n\n\t\t\t\t\t\t– 87.54%<\/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\tAGO<\/a><\/td>\n\n\t\t\t\t\t\t19.525<\/td>\n\n\t\t\t\t\t\t14.163<\/td>\n\n\t\t\t\t\t\t– 27.46%<\/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\tCSV<\/a><\/td>\n\n\t\t\t\t\t\t8.000<\/td>\n\n\t\t\t\t\t\t6.133<\/td>\n\n\t\t\t\t\t\t– 23.34%<\/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\tSLM<\/a><\/td>\n\n\t\t\t\t\t\t28.000<\/td>\n\n\t\t\t\t\t\t21.820<\/td>\n\n\t\t\t\t\t\t– 22.07%<\/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\tBLY<\/a><\/td>\n\n\t\t\t\t\t\t46.748<\/td>\n\n\t\t\t\t\t\t37.361<\/td>\n\n\t\t\t\t\t\t– 20.08%<\/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\tBDR<\/a><\/td>\n\n\t\t\t\t\t\t2.533<\/td>\n\n\t\t\t\t\t\t2.033<\/td>\n\n\t\t\t\t\t\t– 19.74%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\tAWE<\/a><\/td>\n\n\t\t\t\t\t\t5.843<\/td>\n\n\t\t\t\t\t\t4.857<\/td>\n\n\t\t\t\t\t\t– 16.87%<\/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\tPPC<\/a><\/td>\n\n\t\t\t\t\t\t7.967<\/td>\n\n\t\t\t\t\t\t6.867<\/td>\n\n\t\t\t\t\t\t– 13.81%<\/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\tIGO<\/a><\/td>\n\n\t\t\t\t\t\t14.540<\/td>\n\n\t\t\t\t\t\t12.860<\/td>\n\n\t\t\t\t\t\t– 11.55%<\/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\tVAH<\/a><\/td>\n\n\t\t\t\t\t\t4.671<\/td>\n\n\t\t\t\t\t\t4.291<\/td>\n\n\t\t\t\t\t\t– 8.14%<\/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":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60510"}],"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=60510"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60510\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}