{"id":61109,"date":"2013-01-14T11:04:24","date_gmt":"2013-01-14T00:04:24","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/01\/14\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-74\/"},"modified":"2013-01-14T11:04:24","modified_gmt":"2013-01-14T00:04:24","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-74","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/01\/14\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-74\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

\n\tBy Andrew Nelson<\/p>\n

\n\tWelcome back folks. Our first Weekly Movers report of the year is a big one, with brokers taking these first couple of slow weeks to re-adjust models and to update positions for new commodity prices and FX assumptions. There were numerous sector wide reports over the past couple of weeks, with multiple recommendation and price target changes across mining and property for the most part.<\/p>\n

\n\tBy Friday, brokers had wrapped up a respectable 32 recommendation changes and at the end of it, Buy was no longer the most popular call, with Hold now moving to first place. According to the FNArena<\/span> Database, just over 44% of the covered market now sits at Hold compared to 42% at Buy and 14% at Sell.<\/p>\n

\n\tWe’ll run though the list of upgrades first. In alphabetical order, we’re starting off with Alumina ((AWC<\/span>)). Last week, AWAC<\/span> partner Alcoa beat estimates with its 4Q<\/span> result and the read through for Alumina was fairly positive according to most brokers. You’d have to say Credit Suisse liked the news the most, upgrading to Outperform from Neutral not only on the performance, but on a belief that Indonesian export restrictions on bauxite will soon increase China’s dependence on alumina imports, which would obviously be a positive development for a company like Alumina. The stock remains positively regarded in the FNArena<\/span> Database with 5 Buys, two Holds and one Sell. The Buys are all about value and leverage to improving prices, while the Sells focus on breakeven<\/span> results (at best) and limited returns for the next couple of years.<\/p>\n

\n\tNext comes Ardent Leisure ((AAD<\/span>)), with JP Morgan lifting its call to Buy. The broker made the move on confidence in management’s new set of targets, which is bolstered by positive year end increases to Gold Coast arrivals, a normalising<\/span> weather outlook and a fairly attractive valuation picture. The stock remains positively regarded, with three Buys and two Holds recorded in the database.<\/p>\n

\n\tBA-Merrill Lynch ran though a number of recommendation changes for A-REITs<\/span> as part of a New Year's readjustment on the sector. CFS<\/span> Retail Property Trust ((CFX<\/span>)) was upgraded to Buy from Neutral, Commonwealth Property Office Fund ((CPA)) was boosted to Buy from Sell and FKP<\/span> Property ((FKP<\/span>)) was upgraded to Hold from Sell. Builder Lend Lease ((LLC)) was also upgraded by BA-ML, lifted from Sell to Buy on relative underperformance<\/span> in 2012 and an improving macro environment.<\/p>\n

\n\tEvolution Mining ((EVN<\/span>)) grabbed the attention of Credit Suisse, the broker lifting it recommendation to Hold from Sell on recent weakness in the share price, although earnings forecasts were trimmed to reflect new commodity and FX assumptions. The Hold from CS is the only blemish on the stock in the database, which otherwise shows five Buys.<\/p>\n

\n\tDeutsche Bank lifted Lynas<\/span> Corp ((LYC<\/span>)) to Hold from Sell as part of a sector review as well. However, the broker does remain quite concerned about rare earth prices and the prospects of more Malaysian issues. St Barbara ((SBM<\/span>)) enjoyed two upgrades to Buy on sector updates from both Deutsche and Macquarie. The stock now boasts straight Buys in the database.<\/p>\n

\n\tMacquarie Group ((MQG<\/span>)) was the recipient of a boost from UBS, who lifted from Hold to Buy on expectations the bank will begin to streamline its business, possibly leading to the sale and closure of the Securities and Capital operations. However, the day prior saw BA-Merrill Lynch downgrade its call to Neutral from Buy, believing the share price has now run ahead of earnings and valuation metrics. The changes see Macquarie maintain its slightly positive rating in the FNArena<\/span> Database, which shows two Buys and five Holds.<\/p>\n

\n\tThe last of the upgrades was enjoyed by Premier Investments ((PMV<\/span>)), with Credit Suisse lifting from Hold to Buy on increasing confidence about the potential for earnings to stabilise<\/span> for the group's mature brands, while also seeing some offshore growth opportunities. The stock improves its positive footing in the database, with three Holds and three Buys on record.<\/p>\n

\n\tThe downgrade column is a far busier list and is headed up by Atlas Gold ((AGO)), which was downgraded to Sell from Hold by both Macquarie and Deutsche Bank last week. Both brokers shifted their calls as part of sector wide reviews, with a number of mining stocks feeling the pressure of weak prices and unfavourable<\/span> FX updates as brokers move to update models for the year ahead.<\/p>\n

\n\tMacquarie’s re-jigging of the sector had more than one victim. Bending under the weight of unfavourable<\/span> commodity price forecasts and FX models was BHP<\/span> Billiton<\/span> ((BHP<\/span>)), down to Hold from Buy, Discovery Metals ((DML<\/span>)), also down to Hold from Buy. Highlands Pacific ((HIG<\/span>)) was also trimmed to Hold by Macquarie, as was Independence Group ((IGO<\/span>)), Oz Minerals ((OZL<\/span>)) and Rio Tinto ((RIO)), while Northern Iron ((NFE<\/span>)) was cut to Sell from Hold.<\/p>\n

\n\tSticking with the miners, both Deutsche Bank and Credit Suisse cut their calls on Fortescue<\/span> ((FMG<\/span>)). CS moved from Buy To Hold, while Deutsche went from Hold to Sell. Deutsche made its call on valuation grounds as part of a sector review, while CS simply thinks the price has run a little too hot of late. Otherwise, the broker is positive on the company’s medium term outlook and admits there could be positive surprises in the short term. The stock remains neutrally regarded in the database, with four Buys, three Holds and a Sell on record.<\/p>\n

\n\tThe two brokers also downgraded Western Areas ((WSA<\/span>)), both moving from Buy to Hold as part of the same sector review. Downgrades to nickel forecasts and increasing AUD\/USD forecasts were cited as the cause in each instance. Mirabella<\/span> Nickel was also caught up in CS review of nickel stocks, the broker cutting from Buy to Neutral on the reasons above.<\/p>\n

\n\tBA-Merrill Lynch had a big sector review of its own in the A-REIT space, which saw BWP<\/span> Trust ((BWP<\/span>)) cut to Sell from Hold, Centro Retail ((CRF<\/span>)) clipped from Buy to Hold, as was Stockland<\/span> ((SGP<\/span>)).<\/p>\n

\n\tNext, UBS cut Commonwealth Bank ((CBA<\/span>)) to Sell from Hold citing limited growth prospects and a stretched looking valuation. The broker is otherwise quite positive on the bank, it just expects to see very little in terms of shareholder value-add in the nearer term.<\/p>\n

\n\tThat leaves us with just one more downgrade left, Sydney Airports ((SYD<\/span>)), which was dropped to Hold from Buy by Deutsche Bank. The broker reckons the risk of an adverse tax ruling has simply created too much uncertainty for the time being.<\/p>\n

\n\tPrice target changes were minimal despite all of the upgrade\/downgrade action. Fairfax ((FXJ<\/span>)) saw its consensus price target lifted by just over 4%, while Ansell<\/span> saw its target trimmed by 8.7%, APN News and Media ((APN)) was pruned back by 29.4% and earnings forecasts cut by 80%.<\/p>\n

\n\tConsensus earnings forecasts for iiNet<\/span> ((IIN<\/span>)) were up 30.5% over last week, Transurban<\/span> ((TCL<\/span>)) was up 24.75%, Fairfax up 11.1% and BC Iron up 8.49%. The downside sees Whitehaven<\/span> lose 24%, Sims Group down almost 21% and Iluka<\/span> ((ILU<\/span>)) down by 11.5%.<\/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\tSecurities,Citi,Credit<*br*>Suisse,Deutsche<*br*>Bank,JP<*br*>Morgan,Macquarie,UBS&b0=107,145,91,86,87,79,116,109&h0=76,151,117,100,139,96,111,130&s0=58,14,30,45,11,46,42,21″ style=”border:1px solid #000000;” \/><\/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\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\t ALUMINA 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\t2<\/td>\n\n\t\t\t\t\t\t ARDENT LEISURE 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t CFS<\/span> RETAIL PROPERTY TRUST<\/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\t4<\/td>\n\n\t\t\t\t\t\t COMMONWEALTH PROPERTY OFFICE FUND<\/a><\/td>\n\n\t\t\t\t\t\tSell<\/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\t5<\/td>\n\n\t\t\t\t\t\t EVOLUTION MINING 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t FKP<\/span> PROPERTY 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t LEND LEASE CORPORATION LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tSell<\/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\t8<\/td>\n\n\t\t\t\t\t\t LYNAS<\/span> 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\t MACQUARIE 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\t PREMIER INVESTMENTS 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\t11<\/td>\n\n\t\t\t\t\t\t ST BARBARA LIMITED<\/a><\/td>\n\n\t\t\t\t\t\tSell<\/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\t12<\/td>\n\n\t\t\t\t\t\t ST BARBARA 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\tDowngrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t13<\/td>\n\n\t\t\t\t\t\t ATLAS 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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t14<\/td>\n\n\t\t\t\t\t\t ATLAS 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\t BHP<\/span> BILLITON<\/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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t16<\/td>\n\n\t\t\t\t\t\t BWP<\/span> 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\t17<\/td>\n\n\t\t\t\t\t\t CENTRO 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\tBA-Merrill Lynch<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t18<\/td>\n\n\t\t\t\t\t\t COMMONWEALTH BANK OF 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\tUBS<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t19<\/td>\n\n\t\t\t\t\t\t DISCOVERY METALS 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\t20<\/td>\n\n\t\t\t\t\t\t FORTESCUE<\/span> 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t21<\/td>\n\n\t\t\t\t\t\t FORTESCUE<\/span> METALS GROUP LTD<\/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\t22<\/td>\n\n\t\t\t\t\t\t HIGHLANDS PACIFIC 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\t23<\/td>\n\n\t\t\t\t\t\t INDEPENDENCE GROUP 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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t24<\/td>\n\n\t\t\t\t\t\t MACQUARIE 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\t25<\/td>\n\n\t\t\t\t\t\t MIRABELA<\/span> NICKEL 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\t26<\/td>\n\n\t\t\t\t\t\t NORTHERN 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\tMacquarie<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t27<\/td>\n\n\t\t\t\t\t\t OZ MINERALS 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\t28<\/td>\n\n\t\t\t\t\t\t RIO TINTO 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\t29<\/td>\n\n\t\t\t\t\t\t STOCKLAND<\/span><\/a><\/td>\n\n\t\t\t\t\t\tBuy<\/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\t30<\/td>\n\n\t\t\t\t\t\t SYDNEY AIRPORT 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t31<\/td>\n\n\t\t\t\t\t\t WESTERN AREAS 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\tCredit Suisse<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t32<\/td>\n\n\t\t\t\t\t\t WESTERN AREAS 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<\/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\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\tANN<\/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\t2<\/td>\n\n\t\t\t\t\t\tWSA<\/span><\/a><\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t86.0%<\/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\t3<\/td>\n\n\t\t\t\t\t\tWPL<\/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\t4<\/td>\n\n\t\t\t\t\t\tFXJ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/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\tCCL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t12.0%<\/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\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\tDXS<\/span><\/a><\/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\t– 29.0%<\/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\tAPN<\/a><\/td>\n\n\t\t\t\t\t\t– 25.0%<\/td>\n\n\t\t\t\t\t\t– 38.0%<\/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\t3<\/td>\n\n\t\t\t\t\t\tFMG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t– 12.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\tCBA<\/span><\/a><\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/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\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\tFXJ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t0.530<\/td>\n\n\t\t\t\t\t\t0.553<\/td>\n\n\t\t\t\t\t\t4.34%<\/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\tFMG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t4.475<\/td>\n\n\t\t\t\t\t\t4.500<\/td>\n\n\t\t\t\t\t\t0.56%<\/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\tWPL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t39.864<\/td>\n\n\t\t\t\t\t\t40.025<\/td>\n\n\t\t\t\t\t\t0.40%<\/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\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\tAPN<\/a><\/td>\n\n\t\t\t\t\t\t0.483<\/td>\n\n\t\t\t\t\t\t0.341<\/td>\n\n\t\t\t\t\t\t– 29.40%<\/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\tANN<\/a><\/td>\n\n\t\t\t\t\t\t15.566<\/td>\n\n\t\t\t\t\t\t14.210<\/td>\n\n\t\t\t\t\t\t– 8.71%<\/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\tWSA<\/span><\/a><\/td>\n\n\t\t\t\t\t\t5.136<\/td>\n\n\t\t\t\t\t\t5.093<\/td>\n\n\t\t\t\t\t\t– 0.84%<\/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\tIIN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t33.871<\/td>\n\n\t\t\t\t\t\t44.192<\/td>\n\n\t\t\t\t\t\t30.47%<\/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\tTCL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t13.157<\/td>\n\n\t\t\t\t\t\t16.414<\/td>\n\n\t\t\t\t\t\t24.75%<\/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\tFXJ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t5.175<\/td>\n\n\t\t\t\t\t\t5.750<\/td>\n\n\t\t\t\t\t\t11.11%<\/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\tBCI<\/span><\/a><\/td>\n\n\t\t\t\t\t\t50.667<\/td>\n\n\t\t\t\t\t\t54.967<\/td>\n\n\t\t\t\t\t\t8.49%<\/td>\n\n\t\t\t\t\t\t3<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tCTX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t164.250<\/td>\n\n\t\t\t\t\t\t166.733<\/td>\n\n\t\t\t\t\t\t1.51%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tGNC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t78.188<\/td>\n\n\t\t\t\t\t\t79.313<\/td>\n\n\t\t\t\t\t\t1.44%<\/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\tTAP<\/a><\/td>\n\n\t\t\t\t\t\t1.900<\/td>\n\n\t\t\t\t\t\t1.925<\/td>\n\n\t\t\t\t\t\t1.32%<\/td>\n\n\t\t\t\t\t\t4<\/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\t13.407<\/td>\n\n\t\t\t\t\t\t13.464<\/td>\n\n\t\t\t\t\t\t0.43%<\/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\tFBU<\/span><\/a><\/td>\n\n\t\t\t\t\t\t36.731<\/td>\n\n\t\t\t\t\t\t36.775<\/td>\n\n\t\t\t\t\t\t0.12%<\/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\tAIZ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t10.885<\/td>\n\n\t\t\t\t\t\t10.898<\/td>\n\n\t\t\t\t\t\t0.12%<\/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\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\tAPN<\/a><\/td>\n\n\t\t\t\t\t\t1.900<\/td>\n\n\t\t\t\t\t\t0.371<\/td>\n\n\t\t\t\t\t\t– 80.47%<\/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\tWHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t2.929<\/td>\n\n\t\t\t\t\t\t2.214<\/td>\n\n\t\t\t\t\t\t– 24.41%<\/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\tSGM<\/span><\/a><\/td>\n\n\t\t\t\t\t\t73.043<\/td>\n\n\t\t\t\t\t\t57.800<\/td>\n\n\t\t\t\t\t\t– 20.87%<\/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\tILU<\/span><\/a><\/td>\n\n\t\t\t\t\t\t102.988<\/td>\n\n\t\t\t\t\t\t92.125<\/td>\n\n\t\t\t\t\t\t– 10.55%<\/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\tWSA<\/span><\/a><\/td>\n\n\t\t\t\t\t\t13.657<\/td>\n\n\t\t\t\t\t\t12.943<\/td>\n\n\t\t\t\t\t\t– 5.23%<\/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\tOZL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t52.638<\/td>\n\n\t\t\t\t\t\t50.550<\/td>\n\n\t\t\t\t\t\t– 3.97%<\/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\tAPA<\/a><\/td>\n\n\t\t\t\t\t\t21.000<\/td>\n\n\t\t\t\t\t\t20.325<\/td>\n\n\t\t\t\t\t\t– 3.21%<\/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\tSIP<\/a><\/td>\n\n\t\t\t\t\t\t4.757<\/td>\n\n\t\t\t\t\t\t4.614<\/td>\n\n\t\t\t\t\t\t– 3.01%<\/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\tFMG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t33.602<\/td>\n\n\t\t\t\t\t\t32.729<\/td>\n\n\t\t\t\t\t\t– 2.60%<\/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\tNCM<\/span><\/a><\/td>\n\n\t\t\t\t\t\t138.750<\/td>\n\n\t\t\t\t\t\t137.375<\/td>\n\n\t\t\t\t\t\t– 0.99%<\/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\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":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61109"}],"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=61109"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61109\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}