{"id":61235,"date":"2013-02-04T10:00:33","date_gmt":"2013-02-03T23:00:33","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/02\/04\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-76\/"},"modified":"2013-02-04T10:00:33","modified_gmt":"2013-02-03T23:00:33","slug":"top-ten-weekly-recommendation-target-price-earnings-forecast-changes-76","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/02\/04\/top-ten-weekly-recommendation-target-price-earnings-forecast-changes-76\/","title":{"rendered":"Top Ten Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"

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

\n\tSecurities analysts and investment strategists have started to look forward into the February reporting season in Australia. Views and expectations diverge as to what should be expected but it appears nobody is expecting much in terms of positive surprises.
\n\tThe all-important question then becomes: how is a non-exciting reporting season going to affect a share market that is up 5% for the year already?<\/p>\n

\n\tWe will all find out in the four weeks to come. When it comes to ratings for individual stocks, downgrades outnumbered upgrades by more than 2:1 in the week past. Interestingly, many of those downgrades have been inspired by share prices running up too high for what is likely in store in the short to medium term.<\/p>\n

\n\tLast week CIMB<\/span> lifted Automotive Holdings ((AHE<\/span>)) to Buy from Hold, seeing the company as being well placed in 2013 with earnings risk to the upside, while also noting the potential for corporate action over AP Eagers’<\/span> ((APE)) 18.6% stake is an additional sweetener. Sentiment remains quite high for the stock in the FNArena<\/span> Database, with three Buys and just one Hold on record and this is despite the current share price trading 4% higher than the consensus target.<\/p>\n

\n\tUBS made two changes to the upside last week, upgrading both Downer EDI ((DOW)) and Drillsearch<\/span> ((DLS<\/span>)) to Buy from Hold. Downer gets the nod on the broker’s increased confidence about FY13<\/span> guidance and the view that operational risks surrounding the Waratah<\/span> train project are diminishing. The upgrade leaves Downer with a perfect string of eight straight Buys in the database. As for Drillsearch<\/span>, the broker’s move was predicated by three facts: 1) December quarter production was up 54% on the ramping up of production at Bauer; 2) more upside and material production increases in the coming six months are expected; 3) a 19% drop in the share price since the beginning of the year. The upgrade establishes a positive skew for the shares, with two Buys and one Hold now on record.<\/p>\n

\n\tBA-Merrill Lynch jumps in with a boost for Goodman Fielder ((GFF<\/span>)), lifting the stock all the way to Buy from Sell on improved earnings expectations after lifting FY13-14<\/span> earnings estimates by 11% and 19% respectively. The upgrade pushed the stock slightly further into positive sentiment territory, with four Buys, two Holds and two Sells.<\/p>\n

\n\tDeutsche Bank bumped up IOOF<\/span> ((IFL<\/span>)) to Buy on the view that current consensus doesn’t seem to be giving IOOF<\/span> full credit for its improving outlook. The broker believes the company has expansion potential and is well positioned to take advantage of industry consolidation. Plus, there’s 10% upside to the price target and 5% dividend yield. Four Buys and two Holds see the stock well regarded in the database.<\/p>\n

\n\tAnalysts from Citi also pushed out two upgrades, with National Australia Bank ((NAB)) and Oil Search ((OSH)) both lifted from Hold to Buy. The call on NAB was not so much about the bank, but was rather based on an observation of investor dividend appetite. Thus Citi doesn’t really expect much upside from the bank; it just sees a fairly safe if unexciting reporting season combined with investors that continue to look for safe yield. Three Buys, four Holds and a couple of Sells see the stock increase its positive sentiment. As for Oil Search, the broker moves its target higher after a positive quarterly report that saw both earnings forecasts and the price target pushed higher. The stock maintains a positive sentiment read in the database on six Buys and just two Holds.<\/p>\n

\n\tAs mentioned, the downgrade side is a fair bit busier. IRESS Market Technology ((IRE)) took one of the biggest hits last week, downgraded to Sell from Hold by both Macquarie and Credit Suisse. The view is IRESS will continue to do it tough, especially in financial markets where the company’s sell-side clients remain under pressure. Macquarie makes a point of confirming it likes the company, saying shares are just too rich. However, CS expects IRESS will continue to do it tough in the near to mid-term, especially in financial markets where the company’s sell-side clients continue doing it tough. The downgrades leave the stock firmly mired in negative sentiment.<\/p>\n

\n\tAnother double downgrade case was Pharmaxis ((PXS)), with both CIMB and Deutsche Bank cutting their calls. CIMB moves to Hold from Buy and Deutsche to Sell from Hold after an FDA advisory committee handed down a negative recommendation on Bronchitol. CIMB notes funding has been secured to keep the ball rolling for a couple more years, while Deutsche thinks further trials will be much harder to get green-lighted, making any sort of success on this front less likely. The stock has hung on to a positive sentiment read, barely, with two Buys one Hold and a Sell on show in the database. Not every analyst has updated post the FDA recommendation just yet.<\/p>\n

\n\tAquila Resources ((AQA)) fell to Sell from Neutral on the books of JP Morgan, with the broker downgrading on recent strength in the share price. The broker also chopped Evolution Mining ((EVN)) down to Hold from Buy despite a fairly solid quarterly. Capex blowouts were held to blame. Four Buys and two Holds in the database ensure a positive bias is maintained. Silver Lake Resources ((SLR)) was also lowered by JPM, the broker spooked by a soft quarterly and uninspiring guidance. Lastly, JP Morgan also lowered its view on WDS ((WDS)) to Hold from Buy on an appreciating share price and the expectation for mixed results at best in the upcoming 1H report.<\/p>\n

\n\tCIMB made a number of downgrades amongst industrial services stocks, lowering Brambles ((BXB)), Qube Logistics ((QUB)) and Toll Holdings ((TOL)) to Sell from Neutral. For Brambles, the broker thinks current market conditions simply don’t justify current share price strength. For Qube, the broker’s outlook remains positive, but the recent run in the share price has stretched the valuation picture pretty tight. The broker is also positive on Toll longer term, but otherwise remains cautious about the extent of improvement we’re likely to see over the course of 2013.<\/p>\n

\n\tThe broker also took the knife to Southern Cross Media ((SXL)), cutting its call from Buy to Sell on lower forecasts and market share headwinds in both TV and metro radio. The stock has maintained a slight positive bias, with four Buys, two Holds and two Sells.<\/p>\n

\n\tUBS downgraded UGL ((UGL)) to Hold from Buy, making it a run of downgrades this month after both CIMB and BA-ML cut their calls earlier in January. UBS’ problem is a dwindling order book, which is starting to feed through to a lower earnings outlook. The latest downgrade moves the stock into negative sentiment territory on one Buy, five Holds and two Sells.<\/p>\n

\n\tBA-Merrill Lynch made two adjustments, with both JB HiFi ((JBH)) and ResMed ((RMD)) downgraded over the course of the week. The broker moves from Hold to Sell on JB HiFi given a declining outlook on margins. Sentiment has slipped into the negative on four Sells, three Buys and a Hold. Meanwhile, ResMed slips to Hold from Buy on valuation grounds despite a well received December quarter report. Our database now shows two Buys and six Holds.<\/p>\n

\n\tAs far as changes to consensus target prices go, the biggest increase was an 11.23% lift in IOOF, while ResMed posted an 8% rise. The big move to the downside was recorded by Pharmaxis on the back of the downgrade discussed above. Evolution Mining and PanAust ((PNA)) were also down a bit more than 5%.<\/p>\n

\n\tBoth Tap Oil ((TAP)) and Perseus Mining ((PRU)) saw consensus earnings lifted by 10-11%, while major downgrades were pushed through on Lynas Corp ((LYC)) and Whitehaven Coal ((WHC)), PanAust, Sandfire Resources ((SFR)), Newcrest ((NCM)), Evolution Mining and Drillsearch.<\/p>\n

\n\tNote: FNArena monitors eight leading stockbrokers on a daily basis and the tables below are based on data analysis from the week past concerning these eight equity market experts. The eight experts in casu are: BA-Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, JP Morgan, Macquarie, CIMB (former RBS) and UBS.
\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=109,142,90,91,90,77,117,103&h0=74,153,117,93,136,97,110,135&s0=58,18,31,47,11,50,43,22″ 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\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 AUTOMOTIVE 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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t DOWNER EDI 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\t3<\/td>\n\n\t\t\t\t\t\t DRILLSEARCH ENERGY 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\t GOODMAN FIELDER 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\t5<\/td>\n\n\t\t\t\t\t\t IOOF 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\tDeutsche Bank<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t NATIONAL AUSTRALIA BANK 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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t OIL SEARCH 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\tCiti<\/td>\n<\/tr>\n
\n\t\t\t\t\t\tDowngrade<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\t AQUILA RESOURCES 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\t9<\/td>\n\n\t\t\t\t\t\t BRAMBLES 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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\t EVOLUTION 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t11<\/td>\n\n\t\t\t\t\t\t IRESS MARKET TECHNOLOGY 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\t12<\/td>\n\n\t\t\t\t\t\t IRESS MARKET TECHNOLOGY 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\t13<\/td>\n\n\t\t\t\t\t\t JB HI-FI 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\t14<\/td>\n\n\t\t\t\t\t\t Pharmaxis 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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t15<\/td>\n\n\t\t\t\t\t\t Pharmaxis 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\t16<\/td>\n\n\t\t\t\t\t\t QUBE LOGISTICS<\/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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t17<\/td>\n\n\t\t\t\t\t\t RESMED INC<\/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 SILVER LAKE 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\tJP Morgan<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t19<\/td>\n\n\t\t\t\t\t\t SOUTHERN CROSS MEDIA 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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t20<\/td>\n\n\t\t\t\t\t\t TOLL 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\tCIMB Securities<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t21<\/td>\n\n\t\t\t\t\t\t UGL 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\t22<\/td>\n\n\t\t\t\t\t\t WDS 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<\/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\tDLS<\/a><\/td>\n\n\t\t\t\t\t\t33.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t34.0%<\/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\tIFL<\/a><\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t17.0%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tIVC<\/a><\/td>\n\n\t\t\t\t\t\t20.0%<\/td>\n\n\t\t\t\t\t\t33.0%<\/td>\n\n\t\t\t\t\t\t13.0%<\/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\tOSH<\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t12.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\tDOW<\/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\t6<\/td>\n\n\t\t\t\t\t\tNAB<\/a><\/td>\n\n\t\t\t\t\t\t13.0%<\/td>\n\n\t\t\t\t\t\t25.0%<\/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\t7<\/td>\n\n\t\t\t\t\t\tFMG<\/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<\/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\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\tPXS<\/a><\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 25.0%<\/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\tQUB<\/a><\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 17.0%<\/td>\n\n\t\t\t\t\t\t6<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\tEVN<\/a><\/td>\n\n\t\t\t\t\t\t83.0%<\/td>\n\n\t\t\t\t\t\t67.0%<\/td>\n\n\t\t\t\t\t\t– 16.0%<\/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\tBXB<\/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\t5<\/td>\n\n\t\t\t\t\t\tSUN<\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\tSXL<\/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\t7<\/td>\n\n\t\t\t\t\t\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t63.0%<\/td>\n\n\t\t\t\t\t\t50.0%<\/td>\n\n\t\t\t\t\t\t– 13.0%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tRMD<\/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\t9<\/td>\n\n\t\t\t\t\t\tORI<\/a><\/td>\n\n\t\t\t\t\t\t75.0%<\/td>\n\n\t\t\t\t\t\t71.0%<\/td>\n\n\t\t\t\t\t\t– 4.0%<\/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\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\tIFL<\/a><\/td>\n\n\t\t\t\t\t\t7.053<\/td>\n\n\t\t\t\t\t\t7.845<\/td>\n\n\t\t\t\t\t\t11.23%<\/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\tRMD<\/a><\/td>\n\n\t\t\t\t\t\t4.310<\/td>\n\n\t\t\t\t\t\t4.655<\/td>\n\n\t\t\t\t\t\t8.00%<\/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\tDOW<\/a><\/td>\n\n\t\t\t\t\t\t4.525<\/td>\n\n\t\t\t\t\t\t4.688<\/td>\n\n\t\t\t\t\t\t3.60%<\/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\tSUN<\/a><\/td>\n\n\t\t\t\t\t\t10.684<\/td>\n\n\t\t\t\t\t\t10.946<\/td>\n\n\t\t\t\t\t\t2.45%<\/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\tNAB<\/a><\/td>\n\n\t\t\t\t\t\t26.065<\/td>\n\n\t\t\t\t\t\t26.683<\/td>\n\n\t\t\t\t\t\t2.37%<\/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\tIVC<\/a><\/td>\n\n\t\t\t\t\t\t8.948<\/td>\n\n\t\t\t\t\t\t9.067<\/td>\n\n\t\t\t\t\t\t1.33%<\/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\tOSH<\/a><\/td>\n\n\t\t\t\t\t\t8.441<\/td>\n\n\t\t\t\t\t\t8.518<\/td>\n\n\t\t\t\t\t\t0.91%<\/td>\n\n\t\t\t\t\t\t8<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\tQUB<\/a><\/td>\n\n\t\t\t\t\t\t1.737<\/td>\n\n\t\t\t\t\t\t1.747<\/td>\n\n\t\t\t\t\t\t0.58%<\/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\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\tPXS<\/a><\/td>\n\n\t\t\t\t\t\t1.665<\/td>\n\n\t\t\t\t\t\t1.510<\/td>\n\n\t\t\t\t\t\t– 9.31%<\/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\tEVN<\/a><\/td>\n\n\t\t\t\t\t\t1.985<\/td>\n\n\t\t\t\t\t\t1.873<\/td>\n\n\t\t\t\t\t\t– 5.64%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t3.616<\/td>\n\n\t\t\t\t\t\t3.435<\/td>\n\n\t\t\t\t\t\t– 5.01%<\/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\tSXL<\/a><\/td>\n\n\t\t\t\t\t\t1.251<\/td>\n\n\t\t\t\t\t\t1.240<\/td>\n\n\t\t\t\t\t\t– 0.88%<\/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\tFMG<\/a><\/td>\n\n\t\t\t\t\t\t4.950<\/td>\n\n\t\t\t\t\t\t4.944<\/td>\n\n\t\t\t\t\t\t– 0.12%<\/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\tTAP<\/a><\/td>\n\n\t\t\t\t\t\t0.650<\/td>\n\n\t\t\t\t\t\t0.725<\/td>\n\n\t\t\t\t\t\t11.54%<\/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\tPRU<\/a><\/td>\n\n\t\t\t\t\t\t16.097<\/td>\n\n\t\t\t\t\t\t17.840<\/td>\n\n\t\t\t\t\t\t10.83%<\/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\tSXL<\/a><\/td>\n\n\t\t\t\t\t\t13.138<\/td>\n\n\t\t\t\t\t\t14.213<\/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\t4<\/td>\n\n\t\t\t\t\t\tSIP<\/a><\/td>\n\n\t\t\t\t\t\t4.614<\/td>\n\n\t\t\t\t\t\t4.971<\/td>\n\n\t\t\t\t\t\t7.74%<\/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\tFMG<\/a><\/td>\n\n\t\t\t\t\t\t41.542<\/td>\n\n\t\t\t\t\t\t43.719<\/td>\n\n\t\t\t\t\t\t5.24%<\/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\tPPT<\/a><\/td>\n\n\t\t\t\t\t\t164.000<\/td>\n\n\t\t\t\t\t\t169.457<\/td>\n\n\t\t\t\t\t\t3.33%<\/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\tRMD<\/a><\/td>\n\n\t\t\t\t\t\t20.958<\/td>\n\n\t\t\t\t\t\t21.646<\/td>\n\n\t\t\t\t\t\t3.28%<\/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\tSUN<\/a><\/td>\n\n\t\t\t\t\t\t84.000<\/td>\n\n\t\t\t\t\t\t86.125<\/td>\n\n\t\t\t\t\t\t2.53%<\/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\tROC<\/a><\/td>\n\n\t\t\t\t\t\t6.383<\/td>\n\n\t\t\t\t\t\t6.535<\/td>\n\n\t\t\t\t\t\t2.38%<\/td>\n\n\t\t\t\t\t\t4<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\tBPT<\/a><\/td>\n\n\t\t\t\t\t\t11.100<\/td>\n\n\t\t\t\t\t\t11.340<\/td>\n\n\t\t\t\t\t\t2.16%<\/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 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\tLYC<\/a><\/td>\n\n\t\t\t\t\t\t0.120<\/td>\n\n\t\t\t\t\t\t– 0.180<\/td>\n\n\t\t\t\t\t\t– 250.00%<\/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\tWHC<\/a><\/td>\n\n\t\t\t\t\t\t1.757<\/td>\n\n\t\t\t\t\t\t– 2.471<\/td>\n\n\t\t\t\t\t\t– 240.64%<\/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\tPNA<\/a><\/td>\n\n\t\t\t\t\t\t37.106<\/td>\n\n\t\t\t\t\t\t28.356<\/td>\n\n\t\t\t\t\t\t– 23.58%<\/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\tSFR<\/a><\/td>\n\n\t\t\t\t\t\t132.114<\/td>\n\n\t\t\t\t\t\t104.491<\/td>\n\n\t\t\t\t\t\t– 20.91%<\/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\tNCM<\/a><\/td>\n\n\t\t\t\t\t\t134.550<\/td>\n\n\t\t\t\t\t\t106.749<\/td>\n\n\t\t\t\t\t\t– 20.66%<\/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\tEVN<\/a><\/td>\n\n\t\t\t\t\t\t18.333<\/td>\n\n\t\t\t\t\t\t15.917<\/td>\n\n\t\t\t\t\t\t– 13.18%<\/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\tDLS<\/a><\/td>\n\n\t\t\t\t\t\t9.567<\/td>\n\n\t\t\t\t\t\t8.500<\/td>\n\n\t\t\t\t\t\t– 11.15%<\/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\tMML<\/a><\/td>\n\n\t\t\t\t\t\t61.337<\/td>\n\n\t\t\t\t\t\t56.408<\/td>\n\n\t\t\t\t\t\t– 8.04%<\/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\tTPI<\/a><\/td>\n\n\t\t\t\t\t\t5.142<\/td>\n\n\t\t\t\t\t\t4.883<\/td>\n\n\t\t\t\t\t\t– 5.04%<\/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\tQAN<\/a><\/td>\n\n\t\t\t\t\t\t11.800<\/td>\n\n\t\t\t\t\t\t11.250<\/td>\n\n\t\t\t\t\t\t– 4.66%<\/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":[6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61235"}],"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=61235"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61235\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}