{"id":67567,"date":"2017-04-10T10:03:32","date_gmt":"2017-04-10T00:03:32","guid":{"rendered":"http:\/\/www.fnarena.com\/?p=67567"},"modified":"2017-04-10T10:03:33","modified_gmt":"2017-04-10T00:03:33","slug":"weekly-ratings-targets-forecast-changes-17","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2017\/04\/10\/weekly-ratings-targets-forecast-changes-17\/","title":{"rendered":"Weekly Ratings, Targets, 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, Macquarie, Morgan Stanley, Morgans, Ord Minnett 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 April 3 to Friday April 7, 2017<br \/>\nTotal Upgrades: 5<br \/>\nTotal Downgrades: 6<br \/>\nNet Ratings Breakdown: Buy 43.80%; Hold 42.45%; Sell 13.75%<\/em><\/p>\n<p><!--StartFragment -->It is relatively quiet in terms of stockbroking analysts issuing updates and research reports. With the share market predominantly taking guidance from overseas macro developments, and the ASX200 hesitant to make a move towards 6000, broker downgrades and upgrades for individual ASX-listed stocks came in few and far between for the week ending Friday, 7th April 2017.<\/p>\n<p>FNArena counted five upgrades and six upgrades but since ERM Power attracted two upgrades, it&#039;s probably fair to conclude the bias is slightly tilted towards more downgrades. To Neutral, because that&#039;s where most downgrades end up.<\/p>\n<p>No particular themes are apparent. AGL Energy continues to benefit from multi-level failed government policy and St Barbara is enjoying the come-back for safe haven gold. On the flipside we find REA Group and Wesfarmers deemed too expensive, while Downer EDI&#039;s move on Spotless still has very few friends. Downgrades for South32 and Whitehaven Coal illustrate general division about how long and how far this resources resurgence can possibly stretch.<\/p>\n<p>ERM Power also steals the show for positive adjustments to valuations and price targets. Outside a positive gain for AGL Energy, there&#039;s otherwise very little to report. Changes to earnings estimates became a resources affair, since not much was happening otherwise. Except, again, ERM Power, stepping into the limelight, this time on the negative side.<\/p>\n<p>Perseus Mining, St Barbara and Oil Search lead the table for positive revisions to estimates. Beadell Resources, South32 and Aurizon follow in ERM Power&#039;s slipstream for negative revisions.<\/p>\n<p>The week ahead will see investors&#039; attention gradually shift to quarterly production reports, ahead of the next banking reporting season.<\/p>\n<p><!--- Up Down Content --><\/p>\n<p><strong><u>Upgrade<\/u><\/strong><\/p>\n<p><strong>AGL ENERGY LIMITED ((AGL)) Upgrade to Buy from Neutral by UBS<\/strong> .B\/H\/S: 6\/1\/0<\/p>\n<p>Low-cost thermal generators are the biggest winners in the current electricity environment, UBS believes.<\/p>\n<p>The broker&#039;s research concludes that the closure of Hazelwood will increase the National Electricity Market&#039;s reliance on an ageing coal fleet and gas-fired generation to meet demand.<\/p>\n<p>UBS believes the market is over estimating the risk of regulatory intervention and ignoring empirical evidence. The broker believes $80\/MWh prices are sustainable, a 50% increase versus FY16.<\/p>\n<p>Rating&nbsp;is upgraded to Buy from Neutral. Target is raised to $29.50 from $25.00.<\/p>\n<p><strong>ERM POWER LIMITED ((EPW)) Upgrade to Buy from Sell by Citi and Upgrade to Neutral from Underperform by Macquarie<\/strong> .B\/H\/S: 1\/2\/0<\/p>\n<p>The company has guided towards stronger retail margins in Australia, well above Citi&#039;s&nbsp;estimate, and the analysts are now taking the view that a positive news cycle may have begun for the company.<\/p>\n<p>On this basis, the stock is being doubly upgraded to Buy\/High Risk from Sell. High electricity prices plus state government support are likely to translate into&nbsp;move renewables projects forward, the analysts predict. Target price jumps to $1.46 from $1.05.<\/p>\n<p>The company has revised its FY17 gross margin outlook to $3.50 per megawatt-hour from $3.00\/MWh. FY18&nbsp;guidance has been provided at $3.50\/MWh versus Macquarie&#039;s expectations of $2.70\/MWh.<\/p>\n<p>The broker finds it challenging to predict the company&#039;s retail business as earnings visibility is low and a function of the hedge book. Rating is upgraded to Neutral from Underperform on the back of the new guidance. Target is raised to $1.20 from $1.15.<\/p>\n<p><strong>INSURANCE AUSTRALIA GROUP LIMITED ((IAG)) Upgrade to Neutral from Underperform by Macquarie<\/strong> .B\/H\/S: 0\/8\/0<\/p>\n<p>The company has downgraded&nbsp;its FY17 reported insurance margin&nbsp;guidance to 10.5-12.5%&nbsp;from 12.5-14.5%&nbsp;as a result of $170m in additional natural peril claims cost assumptions.<\/p>\n<p>The current reinsurance structure means the company will receive a benefit in the first half of FY18.<\/p>\n<p>Macquarie upgrades &nbsp;to Neutral from Underperform, allowing for the improved margin outlook in FY18, with a claims environment that allows the&nbsp;insurer to retain a larger portion of the $250m gross cost reductions&nbsp;over the next three years.<\/p>\n<p>Target is raised to $5.95 from $5.75.<\/p>\n<p><strong>ST BARBARA LIMITED ((SBM)) Re-initiation with Buy by Citi<\/strong> .B\/H\/S: 4\/0\/0<\/p>\n<p>It&#039;s almost exactly three years ago since we last heard from Citi about this company. Back then, this was a different kettle of fish as witnessed by Citi&#039;s price target at that time: 17c and a Sell rating.<\/p>\n<p>Today, Citi has officially re-initiated coverage with a Buy rating and $2.93 price target. The short term outlook is based upon compelling short-term cash flow and potential for a beat on consensus FY17 earnings, explain the analysts.<\/p>\n<p>St Barbara, highlights Citi,&nbsp;has the luxury of being one of the gold industry&rsquo;s lowest cost producers (estimated&nbsp;AISC&nbsp;at A$896\/oz in FY17). Further out, the analysts&nbsp;expect a steady fall in Gwalia gold grades, while company management expects Simberi to close in 2-3 years.<\/p>\n<p>Citi thinks it likely management is looking around to purchase assets. Alternatively, St Barbara itself might become a prey too, suggest the analysts.<\/p>\n<p><strong><u>Downgrade<\/u><\/strong><\/p>\n<p><strong>DOWNER EDI LIMITED ((DOW)) Downgrade to Underweight from Equal-weight by Morgan Stanley<\/strong> .B\/H\/S: 0\/3\/2<\/p>\n<p>Prior to the bid for Spotless&nbsp;((SPO)) Morgan Stanley observes the company&#039;s shares had re-rated materially. Investors interpreted an upgrade of FY17 guidance as a sign of improving operations. The broker believes this re-rating is premature.<\/p>\n<p>Contract roll-offs are expected to challenge earnings through to FY20.&nbsp;In response, the broker suspects, the company is now looking to embark on an aggressive M&amp;A&nbsp;growth drive.<\/p>\n<p>Morgan Stanley expects investors will progressively consider the stock a less-compelling investment proposition. Rating is downgraded to Underweight from Equal-weight and the target is raised to $4.83 from $4.01. Industry view is Cautious.<\/p>\n<p><strong>NUFARM LIMITED ((NUF)) Downgrade to Neutral from Outperform by Credit Suisse<\/strong> .B\/H\/S: 2\/4\/1<\/p>\n<p>Credit Suisse believes there is limited downside to owning the stock but reasonable upside, should Nufarm find a complimentary acquisition.<\/p>\n<p>Without an acquisition, the broker believes investors can expect 10% compound EBIT growth over FY17-18, principally through cost savings. Longer term, the broker believes organic growth assumptions of 2-3% ex Australia are achievable.<\/p>\n<p>Credit Suisse observes FMC has moved quickly to take a key acquisition target &#8211; the&nbsp;DuPont herbicide\/insecticide business &#8211; which had been earmarked as a possibility for&nbsp;Nufarm.<\/p>\n<p>There are still other potential acquisitions, albeit smaller, in crop protection and also with canola seeds, the broker notes. Rating is downgraded to Neutral from Outperform. Target is reduced to $10.10 from $10.60.<\/p>\n<p><strong>REA GROUP LIMITED ((REA)) Downgrade to Hold from Add by Morgans<\/strong> .B\/H\/S: 4\/3\/0<\/p>\n<p>The share price has performed strongly&nbsp;in recent days and Morgans downgrades to Hold from Add. The shares now trade in line with the broker&#039;s target of $60.73.<\/p>\n<p>&nbsp;Morgans does not yet incorporate the impact on reported profits of the recent purchase of PropTiger in India. The broker suspects that business is likely to result in ongoing losses.<\/p>\n<p>Most of the broker&#039;s valuation stems from the Australian business, where the opportunity is expected to exist for several years for strong earnings growth.<\/p>\n<p>Should the Asian and\/or the US business deliver substantial earnings growth over time than the current valuation would be too conservative. Nevertheless, the broker believes it is too early to make a call on this.<\/p>\n<p><strong>SOUTH32 LIMITED ((S32)) Downgrade to Hold from Add by Morgans<\/strong> .B\/H\/S: 5\/2\/0<\/p>\n<p>Morgans downgrades to Hold from Add following the recent share price performance.&nbsp;Morgans also updates its model for revised commodity price forecasts, which means a marginal decline in valuation and target &nbsp;to $3.14 from $3.17.<\/p>\n<p>Following the recent performance the broker now believes the stock is trading close to fair value.<\/p>\n<p>The company has downgraded its production guidance for FY17 following an underground fire at Cannington. Silver production is downgraded -13%, lead -17% and zinc -13%. The underground fire has created only minor damage and it will take up to 4 weeks to import some of the required parts.<\/p>\n<p><strong>WESFARMERS LIMITED ((WES)) Downgrade to Hold from Accumulate by Ord Minnett<\/strong> .B\/H\/S: 1\/5\/2<\/p>\n<p>Ord Minnett downgrades to Hold from Accumulate&nbsp;following a strong share price performance recently. The target is steady at $45.50.<\/p>\n<p>The broker also modestly adjusts earnings estimates, reducing EBIT&nbsp;estimates for&nbsp;Coles&nbsp;following the decline in the first half. Estimates for Bunnings are also reduced&nbsp;because of a moderation in the trajectory of growth in the UK and Ireland.<\/p>\n<p><strong>WHITEHAVEN COAL LIMITED ((WHC)) Downgrade to Equal-weight from Overweight by Morgan Stanley<\/strong> .B\/H\/S: 3\/5\/0<\/p>\n<p>The stock has rallied 20% in three days after the disruption to coal supplies from the cyclone&nbsp;in Queensland. While remaining constructive on the company&#039;s assets,&nbsp;Morgan Stanley notes this is a temporary disruption and shifts to an Equal-weight rating from Overweight, while looking for the next opportunity to enter the stock.<\/p>\n<p>The company predominantly supplies thermal coal, the price of which is rising on the back of what is primarily an&nbsp;outage for metallurgical coal, which should see a more direct uplift in prices.<\/p>\n<p>The broker acknowledges the stock&#039;s fundamental drivers remain in place and additional cash flow from higher coal prices can bring forward the date at&nbsp;which the company reaches a net cash position.&nbsp;Target is $3.30. Industry view: Attractive.<\/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=650,630,204&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=5,6&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,Macquarie,Morgan&lt;*br*&gt;Stanley,Morgans,Ord&lt;*br*&gt;Minnett,UBS&amp;b0=75,91,69,129,68,163,97,96&amp;h0=106,102,131,119,71,143,73,116&amp;s0=35,41,25,34,50,19,35,33\" 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>\n<h2>Broker Rating<\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<table border=\"0\" cellspacing=\"0\" style=\"width:100%\">\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=AGL\">AGL ENERGY 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=EPW\">ERM POWER LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Sell<\/td>\n<td>Macquarie<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=EPW\">ERM POWER LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Sell<\/td>\n<td>Citi<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=IAG\">INSURANCE AUSTRALIA GROUP LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Sell<\/td>\n<td>Macquarie<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=SBM\">ST BARBARA LIMITED<\/a><\/td>\n<td>Buy<\/td>\n<td>Sell<\/td>\n<td>Citi<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\">Downgrade<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=DOW\">DOWNER EDI LIMITED<\/a><\/td>\n<td>Sell<\/td>\n<td>Neutral<\/td>\n<td>Morgan Stanley<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=NUF\">NUFARM LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Credit Suisse<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=REA\">REA GROUP LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Morgans<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=S32\">SOUTH32 LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Morgans<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WES\">WESFARMERS LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Ord Minnett<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td><a href=\"dsp_recommendations.cfm?searchsymbol=WHC\">WHITEHAVEN COAL LIMITED<\/a><\/td>\n<td>Neutral<\/td>\n<td>Buy<\/td>\n<td>Morgan Stanley<\/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>\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\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=EPW\">EPW<\/a><\/td>\n<td style=\"text-align:left\">ERM POWER LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">33.0%<\/td>\n<td style=\"text-align:right;width:80px\">-67.0%<\/td>\n<td style=\"text-align:right;width:80px\">100.0%<\/td>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=AGL\">AGL<\/a><\/td>\n<td style=\"text-align:left\">AGL ENERGY LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">79.0%<\/td>\n<td style=\"text-align:right;width:80px\">64.0%<\/td>\n<td style=\"text-align:right;width:80px\">15.0%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WOW\">WOW<\/a><\/td>\n<td style=\"text-align:left\">WOOLWORTHS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-6.0%<\/td>\n<td style=\"text-align:right;width:80px\">-7.0%<\/td>\n<td style=\"text-align:right;width:80px\">1.0%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=DOW\">DOW<\/a><\/td>\n<td style=\"text-align:left\">DOWNER EDI LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-40.0%<\/td>\n<td style=\"text-align:right;width:80px\">-20.0%<\/td>\n<td style=\"text-align:right;width:80px\">-20.0%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=NUF\">NUF<\/a><\/td>\n<td style=\"text-align:left\">NUFARM LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">14.0%<\/td>\n<td style=\"text-align:right;width:80px\">29.0%<\/td>\n<td style=\"text-align:right;width:80px\">-15.0%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=S32\">S32<\/a><\/td>\n<td style=\"text-align:left\">SOUTH32 LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">71.0%<\/td>\n<td style=\"text-align:right;width:80px\">86.0%<\/td>\n<td style=\"text-align:right;width:80px\">-15.0%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">4<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=REA\">REA<\/a><\/td>\n<td style=\"text-align:left\">REA GROUP LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">57.0%<\/td>\n<td style=\"text-align:right;width:80px\">71.0%<\/td>\n<td style=\"text-align:right;width:80px\">-14.0%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WHC\">WHC<\/a><\/td>\n<td style=\"text-align:left\">WHITEHAVEN COAL LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">31.0%<\/td>\n<td style=\"text-align:right;width:80px\">44.0%<\/td>\n<td style=\"text-align:right;width:80px\">-13.0%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">6<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=ASX\">ASX<\/a><\/td>\n<td style=\"text-align:left\">ASX LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-64.0%<\/td>\n<td style=\"text-align:right;width:80px\">-56.0%<\/td>\n<td style=\"text-align:right;width:80px\">-8.0%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WES\">WES<\/a><\/td>\n<td style=\"text-align:left\">WESFARMERS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-13.0%<\/td>\n<td style=\"text-align:right;width:80px\">-6.0%<\/td>\n<td style=\"text-align:right;width:80px\">-7.0%<\/td>\n<td style=\"text-align:center;width:50px\">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>\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\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=EPW\">EPW<\/a><\/td>\n<td style=\"text-align:left\">ERM POWER LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">1.300<\/td>\n<td style=\"text-align:right;width:80px\">1.083<\/td>\n<td style=\"text-align:right;width:80px\">20.04%<\/td>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=AGL\">AGL<\/a><\/td>\n<td style=\"text-align:left\">AGL ENERGY LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">26.813<\/td>\n<td style=\"text-align:right;width:80px\">25.913<\/td>\n<td style=\"text-align:right;width:80px\">3.47%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=DOW\">DOW<\/a><\/td>\n<td style=\"text-align:left\">DOWNER EDI LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">6.204<\/td>\n<td style=\"text-align:right;width:80px\">6.040<\/td>\n<td style=\"text-align:right;width:80px\">2.72%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">4<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=ASX\">ASX<\/a><\/td>\n<td style=\"text-align:left\">ASX LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">47.911<\/td>\n<td style=\"text-align:right;width:80px\">47.860<\/td>\n<td style=\"text-align:right;width:80px\">0.11%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=NUF\">NUF<\/a><\/td>\n<td style=\"text-align:left\">NUFARM LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">9.564<\/td>\n<td style=\"text-align:right;width:80px\">9.636<\/td>\n<td style=\"text-align:right;width:80px\">-0.75%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=S32\">S32<\/a><\/td>\n<td style=\"text-align:left\">SOUTH32 LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">3.106<\/td>\n<td style=\"text-align:right;width:80px\">3.124<\/td>\n<td style=\"text-align:right;width:80px\">-0.58%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/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>\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\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=PRU\">PRU<\/a><\/td>\n<td style=\"text-align:left\">PERSEUS MINING LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-3.270<\/td>\n<td style=\"text-align:right;width:80px\">-3.887<\/td>\n<td style=\"text-align:right;width:80px\">15.87%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=SBM\">SBM<\/a><\/td>\n<td style=\"text-align:left\">ST BARBARA LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">31.675<\/td>\n<td style=\"text-align:right;width:80px\">29.500<\/td>\n<td style=\"text-align:right;width:80px\">7.37%<\/td>\n<td style=\"text-align:center;width:50px\">4<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=OSH\">OSH<\/a><\/td>\n<td style=\"text-align:left\">OIL SEARCH LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">27.437<\/td>\n<td style=\"text-align:right;width:80px\">26.803<\/td>\n<td style=\"text-align:right;width:80px\">2.37%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">4<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=SXY\">SXY<\/a><\/td>\n<td style=\"text-align:left\">SENEX ENERGY LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-0.723<\/td>\n<td style=\"text-align:right;width:80px\">-0.740<\/td>\n<td style=\"text-align:right;width:80px\">2.30%<\/td>\n<td style=\"text-align:center;width:50px\">6<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WOW\">WOW<\/a><\/td>\n<td style=\"text-align:left\">WOOLWORTHS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">110.713<\/td>\n<td style=\"text-align:right;width:80px\">109.043<\/td>\n<td style=\"text-align:right;width:80px\">1.53%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">6<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=IOF\">IOF<\/a><\/td>\n<td style=\"text-align:left\">INVESTA OFFICE FUND<\/td>\n<td style=\"text-align:right;width:80px\">28.167<\/td>\n<td style=\"text-align:right;width:80px\">27.833<\/td>\n<td style=\"text-align:right;width:80px\">1.20%<\/td>\n<td style=\"text-align:center;width:50px\">6<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WPL\">WPL<\/a><\/td>\n<td style=\"text-align:left\">WOODSIDE PETROLEUM LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">173.419<\/td>\n<td style=\"text-align:right;width:80px\">171.952<\/td>\n<td style=\"text-align:right;width:80px\">0.85%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=BSL\">BSL<\/a><\/td>\n<td style=\"text-align:left\">BLUESCOPE STEEL LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">122.643<\/td>\n<td style=\"text-align:right;width:80px\">121.871<\/td>\n<td style=\"text-align:right;width:80px\">0.63%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">9<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=JBH\">JBH<\/a><\/td>\n<td style=\"text-align:left\">JB HI-FI LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">184.571<\/td>\n<td style=\"text-align:right;width:80px\">183.713<\/td>\n<td style=\"text-align:right;width:80px\">0.47%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">10<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=SFR\">SFR<\/a><\/td>\n<td style=\"text-align:left\">SANDFIRE RESOURCES NL<\/td>\n<td style=\"text-align:right;width:80px\">56.658<\/td>\n<td style=\"text-align:right;width:80px\">56.466<\/td>\n<td style=\"text-align:right;width:80px\">0.34%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<h3>Negative Change Covered by &gt; 2 Brokers<\/h3>\n<table border=\"0\" cellspacing=\"0\" style=\"width:100%\">\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 style=\"text-align:center;width:50px\">1<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=EPW\">EPW<\/a><\/td>\n<td style=\"text-align:left\">ERM POWER LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">-5.200<\/td>\n<td style=\"text-align:right;width:80px\">-2.050<\/td>\n<td style=\"text-align:right;width:80px\">-153.66%<\/td>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">2<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=BDR\">BDR<\/a><\/td>\n<td style=\"text-align:left\">BEADELL RESOURCES LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">3.033<\/td>\n<td style=\"text-align:right;width:80px\">3.700<\/td>\n<td style=\"text-align:right;width:80px\">-18.03%<\/td>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">3<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=S32\">S32<\/a><\/td>\n<td style=\"text-align:left\">SOUTH32 LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">31.481<\/td>\n<td style=\"text-align:right;width:80px\">32.733<\/td>\n<td style=\"text-align:right;width:80px\">-3.82%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">4<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=AZJ\">AZJ<\/a><\/td>\n<td style=\"text-align:left\">AURIZON HOLDINGS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">24.894<\/td>\n<td style=\"text-align:right;width:80px\">25.736<\/td>\n<td style=\"text-align:right;width:80px\">-3.27%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=NVT\">NVT<\/a><\/td>\n<td style=\"text-align:left\">NAVITAS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">23.490<\/td>\n<td style=\"text-align:right;width:80px\">23.970<\/td>\n<td style=\"text-align:right;width:80px\">-2.00%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">6<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=AMC\">AMC<\/a><\/td>\n<td style=\"text-align:left\">AMCOR LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">76.092<\/td>\n<td style=\"text-align:right;width:80px\">77.250<\/td>\n<td style=\"text-align:right;width:80px\">-1.50%<\/td>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=ALQ\">ALQ<\/a><\/td>\n<td style=\"text-align:left\">ALS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">22.401<\/td>\n<td style=\"text-align:right;width:80px\">22.651<\/td>\n<td style=\"text-align:right;width:80px\">-1.10%<\/td>\n<td style=\"text-align:center;width:50px\">7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">8<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=DOW\">DOW<\/a><\/td>\n<td style=\"text-align:left\">DOWNER EDI LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">39.243<\/td>\n<td style=\"text-align:right;width:80px\">39.671<\/td>\n<td style=\"text-align:right;width:80px\">-1.08%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">9<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=WOR\">WOR<\/a><\/td>\n<td style=\"text-align:left\">WORLEYPARSONS LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">53.325<\/td>\n<td style=\"text-align:right;width:80px\">53.825<\/td>\n<td style=\"text-align:right;width:80px\">-0.93%<\/td>\n<td style=\"text-align:center;width:50px\">5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align:center;width:50px\">10<\/td>\n<td style=\"text-align:center;width:70px\"><a href=\"dsp_recommendations.cfm?searchsymbol=SUN\">SUN<\/a><\/td>\n<td style=\"text-align:left\">SUNCORP GROUP LIMITED<\/td>\n<td style=\"text-align:right;width:80px\">88.100<\/td>\n<td style=\"text-align:right;width:80px\">88.814<\/td>\n<td style=\"text-align:right;width:80px\">-0.80%<\/td>\n<td style=\"text-align:center;width:50px\">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 stockbroker recommendation, target price, and earnings forecast changes.<\/p>\n","protected":false},"author":15,"featured_media":67569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/67567"}],"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=67567"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/67567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/67569"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=67567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=67567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=67567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}