{"id":65394,"date":"2015-07-13T10:00:52","date_gmt":"2015-07-13T00:00:52","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2015\/07\/13\/weekly-recommendation-target-price-earnings-forecast-changes-167\/"},"modified":"2015-07-13T10:00:52","modified_gmt":"2015-07-13T00:00:52","slug":"weekly-recommendation-target-price-earnings-forecast-changes-167","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2015\/07\/13\/weekly-recommendation-target-price-earnings-forecast-changes-167\/","title":{"rendered":"Weekly Recommendation, Target Price, Earnings Forecast Changes"},"content":{"rendered":"<p>By Rudi Filapek-Vandyck, Editor FNArena<\/p>\n<p><em><strong>Guide:<\/strong><\/em><\/p>\n<p><em>The FNArena database tabulates the views of eight major Australian and international stock brokers: Citi, Credit Suisse, Deutsche Bank, JP Morgan, Macquarie, Morgan Stanley, Morgans and UBS.<\/em><\/p>\n<p><em>For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy\/Hold\/Sell (B\/H\/S) ratio.<\/em><\/p>\n<p><em>Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.<\/em><\/p>\n<p><em><strong>Summary<\/strong><\/em><\/p>\n<p><em>Period: Monday July 6 to Friday July 10, 2015<br \/>\nTotal Upgrades: 6<br \/>\nTotal Downgrades: 4<br \/>\nNet Ratings Breakdown: Buy 41.03%; Hold 42.30%; Sell 16.67%<\/em><\/p>\n<p>With international events dominating investor sentiment and the local reporting season drawing closer, stockbroking analysts have gone quiet. For the week ending Friday, July 10 2015, FNArena registered just six recommendation upgrades against four downgrades, with the oil and gas sector in pole position for both.<\/p>\n<p>The same observation applies to changes to valuations\/price targets and earnings forecasts. Updates to energy and commodities prices forecasts dictate both tables for positive and negative adjustments, with here and there the odd lonely exception, such as Kathmandu, G8 Education and Insurance Australia Group.<\/p>\n<p>This year&#039;s confession session hasn&#039;t drawn out a large number of eye-catching profit warnings, but then average forecast in earnings per share for the ASX200 has over the weeks past declined into negative territory. One could conclude from this that expectations in general are low. It has to be pointed out though, the average is low because of sharp negative results anticipated from the resources sector.<\/p>\n<p>All shall be revealed in August, which is only three weeks away.<\/p>\n<p><strong><u>Upgrades<\/u><\/strong><\/p>\n<p><strong>AWE ((AWE)) upgraded to Buy from Neutral by UBS. <\/strong>B\/H\/S: 4\/2\/0<\/p>\n<p>The company&#039;s Sugarloaf reserves have increased by 84% and UBS increases valuation for this high quality shale play by 16%. There is more upside if the drilling rate picks up or the potential of the upper Eagle Ford is further delineated. Rating is upgraded to Buy from Neutral on the increased value and the target is raised to $1.45 from $1.40.<\/p>\n<p><strong>Caltex ((CTX)) upgraded to Overweight from Neutral by JP Morgan<\/strong>. B\/H\/S: 2\/4\/1<\/p>\n<p>Rating has been upgraded to Overweight from Neutral while the target has been lifted to $36.00 from $34.58 as further analysis has shown continued upside from cost savings and other items, while capital management remains a key driver for share price performance. The analysts emphasise there&#039;s a significant business repositioning taking place and recent share price weakness has made entry point to gain access more attractive.<\/p>\n<p>See also CTX downgrade.<\/p>\n<p><strong>CSR ((CSR)) upgraded to Buy from Hold by Deutsche Bank<\/strong>. B\/H\/S: 6\/1\/0<\/p>\n<p>CSR&#039;s recent price increases suggests the broker&#039;s earnings margin forecasts for building products may be too conservative. Hence, Deutsche Bank upgrades margin estimates to 13%, in line with historical averages. While there may be some volatility in aluminium as housing starts are near all-time highs, the broker has decided to upgrade to Buy from Hold. Target is raised to $4.16 from $3.71.<\/p>\n<p><strong>Nib Holdings ((NHF)) upgraded to Neutral from Underperform by Credit Suisse<\/strong>. B\/H\/S: 1\/5\/0<\/p>\n<p>The company has acquired travel insurance distributor, World Nomads, primarily funded by debt. Credit Suisse estimates the acquisition will be 3.1% accretive in FY16 and 3.6% accretive in FY17. The acquisition fits with the company&#039;s strategy of diversifying the earnings base and providing growth opportunities in complementary areas. With the underperformance in the share price recently the broker upgrades to Neutral from Underperform. Target is lowered to $3.65 from $3.75.<\/p>\n<p><strong>Nufarm ((NUF)) upgraded to Outperform from Neutral by Macquarie<\/strong>. B\/H\/S: 1\/5\/1<\/p>\n<p>Nufarm cannot match the patent protection enjoyed by its big global agricultural chemical peers, the broker notes, but Nufarm&#039;s comparative lack of profitability suggests significant share price upside on equivalent metrics, assuming the company&#039;s cost-saving goals can be met. While those goals are ambitious, the broker is warming to their possible implementation and is assuming 60% of the target can be met. While acknowledging inherent volatility in agricultural earnings, the broker sees sufficient earnings upside potential on a &quot;look-through&quot; basis to upgrade its Nufarm rating to Outperform. Target rises to $8.05 from $7.15.<\/p>\n<p><strong>Sirius Resources ((SIR)) upgraded to Buy from Neutral by Citi<\/strong>. B\/H\/S: 4\/2\/0<\/p>\n<p>Stocks within the broker&#039;s nickel and copper coverage are trading at steep discounts to base case valuation. This implies the market has not accounted for rising prices, or doubts they will rise. Citi notes Sirius Resources is trading at a premium to spot however, providing some acknowledgment of the bullish fundamentals. Rating is upgraded to Buy, High Risk from Neutral after a strong depreciation of the share price in the wake of the Independence Group ((IGO)) bid. Target is raised to $4.53 from $4.49.<\/p>\n<p><strong><u>Downgrades<\/u><\/strong><\/p>\n<p><strong>Aurelia Metals ((AMI)) downgraded to Underperform from Outperform by Macquarie and then coverage since ceased. <\/strong>B\/H\/S: 0\/0\/0<\/p>\n<p>Aurelia&#039;s Hera mine has reached commercial production but its processing plant is struggling to meet design parameters. This brings Aurelia&#039;s debt issues into focus, the broker notes. Aurelia has a convertible debt facility with Glencore to fund Hera and the company has issued a conversion notice, but Glencore claims Aurelia is in default &#8212; a suggestion Aurelia rejects<strong>. <\/strong>On the balance of risks, the broker has elected to cease coverage of the stock.<\/p>\n<p><strong>Beach Energy ((BPT)) downgraded to Sell from Neutral by Citi<\/strong>. B\/H\/S: 1\/2\/4<\/p>\n<p>Citi expects a growing shortage of gas versus forecast demand from 2020-2024, depending on the growth of Cooper reserves and the cost of development. For Beach, long-dated growth assets are considered unlikely to be developed for some time and the company is also likely to be negatively impacted from lower Cooper JV production. Rating is downgraded to Sell\/High Risk from Neutral\/High Risk. Target is reduced to 88c from $1.10.<\/p>\n<p><strong>Caltex ((CTX)) downgraded to Neutral from Buy by Citi<\/strong>. B\/H\/S: 2\/4\/1<\/p>\n<p>Citi acknowledges strong refining earnings in the first half but one-off costs have impacted on marketing. First half earnings guidance is 9.0% below the broker&#039;s estimates. Given recent share price strength the upside to the target is reduced and, as a result, Citi downgrades to Neutral from Buy. Target is reduced to $35.88 from $36.15. The broker still believes the outlook for growth will not be challenged in the short term.<\/p>\n<p>See also CTX upgrade.<\/p>\n<p><strong>Woodside Petroleum ((WPL)) downgraded to Reduce from Hold by Morgans<\/strong>. B\/H\/S: 2\/2\/4<\/p>\n<p>Morgans is worried about retail investors not yet having caught up with the fact that Woodside&#039;s interim dividend is about to take a dive given lower oil prices are translating into lower profits and lower cash flows for the company. This, combined with a tepid growth profile, keeps the stockbroker at bay even though Woodside is liked as a high quality business. Target tumbles to $29.73 from $33.86. Downgrade to Reduce from Hold.<\/p>\n<p>&nbsp;<\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" style=\"width:100%\">\n<tbody>\n<tr>\n<td style=\"width:50%\"><strong>Total Recommendations<\/strong><br \/>\n\t\t\t<img decoding=\"async\" src=\"http:\/\/www.fnarena.com\/charts\/fnarena\/3dpie.php?mydata=682,703,277&amp;mylabels=Buy,Hold,Sell\" style=\"border:1px solid #000000\" \/><\/td>\n<td style=\"width:50%\"><strong>Recommendation Changes<\/strong><br \/>\n\t\t\t<img decoding=\"async\" src=\"http:\/\/www.fnarena.com\/charts\/fnarena\/3dpie2.php?mydata=6,4&amp;mylabels=Upgrades,Downgrades\" style=\"border:1px solid #000000\" \/><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<p>&nbsp;<\/p>\n<p>\t\t\t<strong>Broker Recommendation Breakup<\/strong><br \/>\n\t\t\t<img decoding=\"async\" src=\"http:\/\/www.fnarena.com\/charts\/fnarena\/3dbar.php?mydata=1&amp;mylabels=Citi,Credit&lt;*br*&gt;Suisse,Deutsche&lt;*br*&gt;Bank,JP&lt;*br*&gt;Morgan,Macquarie,Morgan&lt;*br*&gt;Stanley,Morgans,UBS&amp;b0=71,81,89,73,126,75,156,101&amp;h0=107,106,134,99,107,52,142,115&amp;s0=43,49,17,47,47,48,20,39\" style=\"border:1px solid #000000\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"padding-bottom:15px;width:100%\">\n<tbody>\n<tr>\n<td colspan=\"2\">\n<h2>Broker Rating<\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Company<\/th>\n<th>New Rating<\/th>\n<th>Old Rating<\/th>\n<th>Broker<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td colspan=\"6\">Upgrade<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AWE\">AWE LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Neutral<\/td>\n<td>UBS<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CTX\">CALTEX AUSTRALIA LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Neutral<\/td>\n<td>JP Morgan<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CSR\">CSR LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Neutral<\/td>\n<td>Deutsche Bank<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=NHF\">NIB HOLDINGS LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Sell<\/td>\n<td>Credit Suisse<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=NUF\">NUFARM LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Neutral<\/td>\n<td>Macquarie<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=SIR\">SIRIUS RESOURCES NL<\/a><\/td>\n<td>Buy<\/td>\n<td>Neutral<\/td>\n<td>Citi<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\">Downgrade<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AMI\">AURELIA METALS LIMITED<\/a><\/td>\n<td>Sell<\/td>\n<td>Buy<\/td>\n<td>Macquarie<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=BPT\">BEACH ENERGY LIMITED<\/a><\/td>\n<td>Sell<\/td>\n<td>Neutral<\/td>\n<td>Citi<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CTX\">CALTEX AUSTRALIA LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Citi<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WPL\">WOODSIDE PETROLEUM LIMITED<\/a><\/td>\n<td>Sell<\/td>\n<td>Neutral<\/td>\n<td>Morgans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"padding-bottom:15px;width:100%\">\n<tbody>\n<tr>\n<td colspan=\"2\">\n<h2>Recommendation<\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Positive Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New Rating<\/th>\n<th>Previous Rating<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AWE\">AWE<\/a><\/td>\n<td style=\"text-align:left\">AWE LIMITED<\/td>\n<td>67.0%<\/td>\n<td>50.0%<\/td>\n<td style=\"width:50px\">17.0%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=SIR\">SIR<\/a><\/td>\n<td style=\"text-align:left\">SIRIUS RESOURCES NL<\/td>\n<td>67.0%<\/td>\n<td>50.0%<\/td>\n<td style=\"width:50px\">17.0%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CSR\">CSR<\/a><\/td>\n<td style=\"text-align:left\">CSR LIMITED<\/td>\n<td>86.0%<\/td>\n<td>71.0%<\/td>\n<td style=\"width:50px\">15.0%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CTX\">CTX<\/a><\/td>\n<td style=\"text-align:left\">CALTEX AUSTRALIA LIMITED<\/td>\n<td>29.0%<\/td>\n<td>14.0%<\/td>\n<td style=\"width:50px\">15.0%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=IGO\">IGO<\/a><\/td>\n<td style=\"text-align:left\">INDEPENDENCE GROUP NL<\/td>\n<td>57.0%<\/td>\n<td>43.0%<\/td>\n<td style=\"width:50px\">14.0%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=UXC\">UXC<\/a><\/td>\n<td style=\"text-align:left\">UXC Limited<\/td>\n<td>33.0%<\/td>\n<td>25.0%<\/td>\n<td style=\"width:50px\">8.0%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AGO\">AGO<\/a><\/td>\n<td style=\"text-align:left\">ATLAS IRON LIMITED<\/td>\n<td>&#8211; 60.0%<\/td>\n<td>&#8211; 67.0%<\/td>\n<td style=\"width:50px\">7.0%<\/td>\n<td>5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New Rating<\/th>\n<th>Previous Rating<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=KMD\">KMD<\/a><\/td>\n<td style=\"text-align:left\">KATHMANDU HOLDINGS LIMITED<\/td>\n<td>25.0%<\/td>\n<td>50.0%<\/td>\n<td style=\"width:50px\">&#8211; 25.0%<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=OGC\">OGC<\/a><\/td>\n<td style=\"text-align:left\">OCEANAGOLD CORPORATION<\/td>\n<td>33.0%<\/td>\n<td>50.0%<\/td>\n<td style=\"width:50px\">&#8211; 17.0%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=BPT\">BPT<\/a><\/td>\n<td style=\"text-align:left\">BEACH ENERGY LIMITED<\/td>\n<td>&#8211; 43.0%<\/td>\n<td>&#8211; 29.0%<\/td>\n<td style=\"width:50px\">&#8211; 14.0%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=FMG\">FMG<\/a><\/td>\n<td style=\"text-align:left\">FORTESCUE METALS GROUP LTD<\/td>\n<td>&#8211; 63.0%<\/td>\n<td>&#8211; 50.0%<\/td>\n<td style=\"width:50px\">&#8211; 13.0%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=QBE\">QBE<\/a><\/td>\n<td style=\"text-align:left\">QBE INSURANCE GROUP LIMITED<\/td>\n<td>75.0%<\/td>\n<td>88.0%<\/td>\n<td style=\"width:50px\">&#8211; 13.0%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=NAB\">NAB<\/a><\/td>\n<td style=\"text-align:left\">NATIONAL AUSTRALIA BANK LIMITED<\/td>\n<td>25.0%<\/td>\n<td>38.0%<\/td>\n<td style=\"width:50px\">&#8211; 13.0%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=ILU\">ILU<\/a><\/td>\n<td style=\"text-align:left\">ILUKA RESOURCES LIMITED<\/td>\n<td>38.0%<\/td>\n<td>50.0%<\/td>\n<td style=\"width:50px\">&#8211; 12.0%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WEB\">WEB<\/a><\/td>\n<td style=\"text-align:left\">Webjet Limited<\/td>\n<td>50.0%<\/td>\n<td>60.0%<\/td>\n<td style=\"width:50px\">&#8211; 10.0%<\/td>\n<td>4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"padding-bottom:15px;width:100%\">\n<tbody>\n<tr>\n<td colspan=\"2\">\n<h2>Target Price<\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Positive Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New Target<\/th>\n<th>Previous Target<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AGO\">AGO<\/a><\/td>\n<td style=\"text-align:left\">ATLAS IRON LIMITED<\/td>\n<td>0.148<\/td>\n<td>0.128<\/td>\n<td style=\"width:50px\">15.63%<\/td>\n<td>5<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=UXC\">UXC<\/a><\/td>\n<td style=\"text-align:left\">UXC Limited<\/td>\n<td>0.930<\/td>\n<td>0.880<\/td>\n<td style=\"width:50px\">5.68%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WEB\">WEB<\/a><\/td>\n<td style=\"text-align:left\">Webjet Limited<\/td>\n<td>3.875<\/td>\n<td>3.800<\/td>\n<td style=\"width:50px\">1.97%<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=OGC\">OGC<\/a><\/td>\n<td style=\"text-align:left\">OCEANAGOLD CORPORATION<\/td>\n<td>2.963<\/td>\n<td>2.913<\/td>\n<td style=\"width:50px\">1.72%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CSR\">CSR<\/a><\/td>\n<td style=\"text-align:left\">CSR LIMITED<\/td>\n<td>4.243<\/td>\n<td>4.179<\/td>\n<td style=\"width:50px\">1.53%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AWE\">AWE<\/a><\/td>\n<td style=\"text-align:left\">AWE LIMITED<\/td>\n<td>1.570<\/td>\n<td>1.548<\/td>\n<td style=\"width:50px\">1.42%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=SIR\">SIR<\/a><\/td>\n<td style=\"text-align:left\">SIRIUS RESOURCES NL<\/td>\n<td>4.255<\/td>\n<td>4.215<\/td>\n<td style=\"width:50px\">0.95%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CTX\">CTX<\/a><\/td>\n<td style=\"text-align:left\">CALTEX AUSTRALIA LIMITED<\/td>\n<td>33.971<\/td>\n<td>33.783<\/td>\n<td style=\"width:50px\">0.56%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=QBE\">QBE<\/a><\/td>\n<td style=\"text-align:left\">QBE INSURANCE GROUP LIMITED<\/td>\n<td>14.634<\/td>\n<td>14.603<\/td>\n<td style=\"width:50px\">0.21%<\/td>\n<td>8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New Target<\/th>\n<th>Previous Target<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=BPT\">BPT<\/a><\/td>\n<td style=\"text-align:left\">BEACH ENERGY LIMITED<\/td>\n<td>1.003<\/td>\n<td>1.034<\/td>\n<td style=\"width:50px\">&#8211; 3.00%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=ILU\">ILU<\/a><\/td>\n<td style=\"text-align:left\">ILUKA RESOURCES LIMITED<\/td>\n<td>9.213<\/td>\n<td>9.313<\/td>\n<td style=\"width:50px\">&#8211; 1.07%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=IGO\">IGO<\/a><\/td>\n<td style=\"text-align:left\">INDEPENDENCE GROUP NL<\/td>\n<td>5.543<\/td>\n<td>5.557<\/td>\n<td style=\"width:50px\">&#8211; 0.25%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=NAB\">NAB<\/a><\/td>\n<td style=\"text-align:left\">NATIONAL AUSTRALIA BANK LIMITED<\/td>\n<td>35.853<\/td>\n<td>35.940<\/td>\n<td style=\"width:50px\">&#8211; 0.24%<\/td>\n<td>8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"padding-bottom:15px;width:100%\">\n<tbody>\n<tr>\n<td colspan=\"2\">\n<h2>Earning Forecast<\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Positive Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New EF<\/th>\n<th>Previous EF<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=FMG\">FMG<\/a><\/td>\n<td style=\"text-align:left\">FORTESCUE METALS GROUP LTD<\/td>\n<td>11.245<\/td>\n<td>9.550<\/td>\n<td style=\"width:50px\">17.75%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WPL\">WPL<\/a><\/td>\n<td style=\"text-align:left\">WOODSIDE PETROLEUM LIMITED<\/td>\n<td>159.070<\/td>\n<td>150.943<\/td>\n<td style=\"width:50px\">5.38%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=KMD\">KMD<\/a><\/td>\n<td style=\"text-align:left\">KATHMANDU HOLDINGS LIMITED<\/td>\n<td>10.721<\/td>\n<td>10.302<\/td>\n<td style=\"width:50px\">4.07%<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AWC\">AWC<\/a><\/td>\n<td style=\"text-align:left\">ALUMINA LIMITED<\/td>\n<td>10.478<\/td>\n<td>10.132<\/td>\n<td style=\"width:50px\">3.41%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CTX\">CTX<\/a><\/td>\n<td style=\"text-align:left\">CALTEX AUSTRALIA LIMITED<\/td>\n<td>210.016<\/td>\n<td>203.730<\/td>\n<td style=\"width:50px\">3.09%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=STO\">STO<\/a><\/td>\n<td style=\"text-align:left\">SANTOS LIMITED<\/td>\n<td>30.985<\/td>\n<td>30.196<\/td>\n<td style=\"width:50px\">2.61%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=PRU\">PRU<\/a><\/td>\n<td style=\"text-align:left\">PERSEUS MINING LIMITED<\/td>\n<td>6.317<\/td>\n<td>6.174<\/td>\n<td style=\"width:50px\">2.32%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=OZL\">OZL<\/a><\/td>\n<td style=\"text-align:left\">OZ MINERALS LIMITED<\/td>\n<td>24.628<\/td>\n<td>24.178<\/td>\n<td style=\"width:50px\">1.86%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=RIO\">RIO<\/a><\/td>\n<td style=\"text-align:left\">RIO TINTO LIMITED<\/td>\n<td>305.325<\/td>\n<td>299.833<\/td>\n<td style=\"width:50px\">1.83%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=CSR\">CSR<\/a><\/td>\n<td style=\"text-align:left\">CSR LIMITED<\/td>\n<td>29.499<\/td>\n<td>28.999<\/td>\n<td style=\"width:50px\">1.72%<\/td>\n<td>7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\">\n<thead>\n<tr>\n<th>Order<\/th>\n<th>Symbol<\/th>\n<th>Company<\/th>\n<th>New EF<\/th>\n<th>Previous EF<\/th>\n<th>Change<\/th>\n<th>Recs<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=GRR\">GRR<\/a><\/td>\n<td style=\"text-align:left\">GRANGE RESOURCES LIMITED<\/td>\n<td>0.067<\/td>\n<td>&#8211; 0.267<\/td>\n<td style=\"width:50px\">&#8211; 125.09%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=PBG\">PBG<\/a><\/td>\n<td style=\"text-align:left\">PACIFIC BRANDS LIMITED<\/td>\n<td>1.800<\/td>\n<td>4.233<\/td>\n<td style=\"width:50px\">&#8211; 57.48%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=ACX\">ACX<\/a><\/td>\n<td style=\"text-align:left\">ACONEX LIMITED<\/td>\n<td>&#8211; 0.833<\/td>\n<td>&#8211; 1.250<\/td>\n<td style=\"width:50px\">&#8211; 33.36%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=ERA\">ERA<\/a><\/td>\n<td style=\"text-align:left\">ENERGY RESOURCES OF AUSTRALIA<\/td>\n<td>&#8211; 22.488<\/td>\n<td>&#8211; 25.988<\/td>\n<td style=\"width:50px\">&#8211; 13.47%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=ILU\">ILU<\/a><\/td>\n<td style=\"text-align:left\">ILUKA RESOURCES LIMITED<\/td>\n<td>24.421<\/td>\n<td>25.796<\/td>\n<td style=\"width:50px\">&#8211; 5.33%<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=SDA\">SDA<\/a><\/td>\n<td style=\"text-align:left\">SPEEDCAST INTERNATIONAL LIMITED<\/td>\n<td>13.521<\/td>\n<td>14.082<\/td>\n<td style=\"width:50px\">&#8211; 3.98%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=GEM\">GEM<\/a><\/td>\n<td style=\"text-align:left\">G8 EDUCATION LIMITED<\/td>\n<td>26.660<\/td>\n<td>27.320<\/td>\n<td style=\"width:50px\">&#8211; 2.42%<\/td>\n<td>5<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=VRL\">VRL<\/a><\/td>\n<td style=\"text-align:left\">VILLAGE ROADSHOW LIMITED<\/td>\n<td>28.800<\/td>\n<td>29.467<\/td>\n<td style=\"width:50px\">&#8211; 2.26%<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=AWE\">AWE<\/a><\/td>\n<td style=\"text-align:left\">AWE LIMITED<\/td>\n<td>&#8211; 7.050<\/td>\n<td>&#8211; 7.200<\/td>\n<td style=\"width:50px\">&#8211; 2.08%<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=IAG\">IAG<\/a><\/td>\n<td style=\"text-align:left\">INSURANCE AUSTRALIA GROUP LIMITED<\/td>\n<td>40.513<\/td>\n<td>41.300<\/td>\n<td style=\"width:50px\">&#8211; 1.91%<\/td>\n<td>8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"clear: both\">\n<p><strong>Technical limitations<\/strong><\/p>\n<p><strong><em>If you are reading this story through a third party distribution channel and you cannot see charts included<\/em>, <em>we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>Find out why FNArena subscribers like the service so much: &quot;<a href=\"index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Weekly update on recommendation, target price, and earnings forecast changes.<\/p>\n","protected":false},"author":15,"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\/65394"}],"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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=65394"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/65394\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=65394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=65394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=65394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}