{"id":68642,"date":"2017-06-13T10:08:51","date_gmt":"2017-06-13T00:08:51","guid":{"rendered":"https:\/\/www.fnarena.com\/?p=68642"},"modified":"2017-06-13T10:08:51","modified_gmt":"2017-06-13T00:08:51","slug":"weekly-ratings-targets-forecast-changes-26","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2017\/06\/13\/weekly-ratings-targets-forecast-changes-26\/","title":{"rendered":"Weekly Ratings, Targets, Forecast Changes"},"content":{"rendered":"

By Rudi Filapek-Vandyck, Editor FNArena<\/p>\n

Guide:<\/strong><\/em><\/p>\n

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

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

Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.<\/em><\/p>\n

Summary<\/strong><\/em><\/p>\n

Period: Monday June 5 to Friday June 9, 2017
\nTotal Upgrades: 9
\nTotal Downgrades: 4
\nNet Ratings Breakdown: Buy 41.80%; Hold 42.61%; Sell 15.59%<\/em><\/p>\n

Stockbroking analysts are sending mixed messages to equity investors. At least the deluge in rating downgrades has stopped. For the week ending Friday, 9th June 2017, FNArena registered more upgrades than downgrades; nine versus four. It had been a long while since the balance was not in favour of more downgrades.<\/p>\n

Underlying the switch to more upgrades, however, trends remain negative for valuations & price targets, and for earnings estimates.<\/p>\n

Among the upgrades in ratings we find Alacer Gold, BHP, CSL, Harvey Norman and Vocus Communications; a hotchpotch of undervalued and ongoing positive momentum, but biased towards sold-down stocks. The four downgrades are neatly spread over fresh Neutral and Sell ratings for Caltex and Goodman Group and IOOF and Macquarie Atlas Group respectively.<\/p>\n

CSL takes the honours for largest increase to its consensus price target (+3.49%), followed by CYBG and ERM Power. On the flipside we find Harvey Norman suffering most (-3.35%), with Caltex (-2.36%) and Vicinity Centres (-2%) not far behind.<\/p>\n

New Hope (+8.2%) and Magellan Financial (+6.7%) stand out amongst those receiving upgrades to earnings estimates, followed by much more benign adjustments. The negative side (on average) adds more weight with reductions for Automotive Holdings, Bendigo and Adelaide Bank, Santos and Oil Search.<\/p>\n

<\/p>\n

Upgrade<\/u><\/strong><\/p>\n

ALACER GOLD CORP ((AQG)) Upgrade to Buy from Hold by Ord Minnett<\/strong> .B\/H\/S: 5\/0\/0<\/p>\n

Despite gold being Ord Minnett's least preferred exposure, with valuations screening more expensive than peers, Alacer Gold is upgraded to Speculative Buy from Hold.<\/p>\n

The broker recognises that cheap valuations are not a catalyst for the stock to re-rate but believes sentiment is likely to move back in the direction of risk-on over the medium term. Target remains unchanged at $2.70.<\/p>\n

BENDIGO AND ADELAIDE BANK LIMITED ((BEN)) Upgrade to Hold from Sell by Deutsche Bank<\/strong> .B\/H\/S: 0\/2\/4<\/p>\n

Deutsche Bank's sector update is all about "mitigation" with the analysts taking the view the major banks should be able to offset the negative impact from the government's levy by half, reducing the impact to -1-2% per annum.<\/p>\n

On this basis, Deutsche Bank suggests all bad news has been priced in, plus some. Top picks in the sector remain National Australia Bank and Westpac. Bendigo and Adelaide Bank is the sole recipient of an upgrade in rating; to Hold from Sell, following share price weakness.<\/p>\n

BHP BILLITON LIMITED ((BHP)) Upgrade to Buy from Neutral by UBS<\/strong> .B\/H\/S: 5\/3\/0<\/p>\n

The stock is down around -5% in the year to date, underperforming rival Rio Tinto ((RIO)) by -10%. UBS observes near-term momentum in China is negative but the company is still expected to report robust second half earnings and pay a $0.56 per share dividend.<\/p>\n

BHP remains out of favour and under growing pressure to show its strategy is working. UBS envisages potential for further disposals near term, which will accelerate de-leveraging and position the company to step up its returns more aggressively in FY18.<\/p>\n

On this basis the broker upgrades to Buy from Neutral. Target is $28.<\/p>\n

BEACH ENERGY LIMITED ((BPT)) Upgrade to Hold from Lighten by Ord Minnett<\/strong> .B\/H\/S: 1\/4\/1<\/p>\n

The stock has fallen -32% since December, making the valuation more attractive. Ord Minnett raises its recommendation to Hold from Lighten. Target is $0.65.<\/p>\n

The broker envisages the next catalysts are further exploration, that may mean reserve life extensions, mergers or acquisitions, and increased uncommitted production which could mean realisation of attractive domestic gas prices.<\/p>\n

CSL LIMITED ((CSL)) Upgrade to Buy from Neutral by UBS<\/strong> .B\/H\/S: 5\/1\/0<\/p>\n

UBS now believes the company can sustain around 11% volume growth for plasma to FY25 to meet the robust end-product demand globally.<\/p>\n

The broker finds it increasingly apparent that competitor Shire will pursue a less capital intensive brand & price strategy. This confirms a  long-term structural advantage to CSL.<\/p>\n

The broker upgrades to Buy from Neutral and raises the target to $145.00 from $132.15.<\/p>\n

HARVEY NORMAN HOLDINGS LIMITED ((HVN)) Upgrade to Neutral from Underperform by Credit Suisse<\/strong> .B\/H\/S: 2\/2\/2<\/p>\n

Credit Suisse reduces earnings and valuation estimates for the company, assuming the market becomes increasingly competitive.<\/p>\n

Electrical retail faces increasing challenges from delivery economics at scale and downward pressure on delivery fees, as well as higher promotional expenditure and stranded costs as the electrical market moves increasingly online.<\/p>\n

While there has been considerable discussion about the consolidation of franchisee accounts, the broker believes a materially adverse outcome is unlikely. Rating is upgraded to Neutral from Underperform because of the significant underperformance of the share price. Target is reduced to $4.08 from $5.12.<\/p>\n

SANTOS LIMITED ((STO)) Upgrade to Outperform from Neutral by Credit Suisse<\/strong> .B\/H\/S: 5\/3\/0<\/p>\n

With oil at the lower end of its trading range and much weakness priced into the stock since the Australian domestic gas security mechanism was first floated, Credit Suisse envisages some short-term upside for the stock.<\/p>\n

The mechanism may hurt Santos but the broker believes much of this hurt has been priced in. Acknowledging a brave call, the broker upgrades to Outperform from Neutral. Target is $3.80.<\/p>\n

TABCORP HOLDINGS LIMITED ((TAH)) Upgrade to Buy from Hold by Deutsche Bank<\/strong> .B\/H\/S: 3\/0\/1<\/p>\n

Deutsche Bank upgrades to Buy from Hold as the stock is trading at a -6% discount to valuation and this excludes any benefit from the proposed merger with Tatts ((TTS)).<\/p>\n

The broker estimates a merger could provide earnings and valuation upside of 11% and the regulatory environment is improving for traditional wagering operators.<\/p>\n

While the Australian Competition Tribunal has delayed its determination on the merger to no later than September 10 2017, from June 13 previously, the broker believes this could still result in a positive outcome, albeit subject to conditions.<\/p>\n

Target is reduced to $4.80 from $5.00.<\/p>\n

VOCUS COMMUNICATIONS LIMITED ((VOC)) Upgrade to Hold from Reduce by Morgans<\/strong> .B\/H\/S: 0\/8\/0<\/p>\n

KKR's $3.50 bid for Vocus is preliminary, indicative, non-binding, and comes with no less than 13 exit clauses. There is therefore no guarantee the bid will proceed, Morgans notes.<\/p>\n

The market has nevertheless priced in success, and even if nothing happens, Morgans sees little further downside risk to earnings from here. Target increased to $3.50 from $1.97 to match the bid. Upgrade to Hold.<\/p>\n

Downgrade<\/u><\/strong><\/p>\n

CALTEX AUSTRALIA LIMITED ((CTX)) Downgrade to Underweight from Equal-weight by Morgan Stanley<\/strong> .B\/H\/S: 5\/0\/1<\/p>\n

Morgan Stanley believes consumption of premium petrol across Australia has peaked and is now declining and lower volumes are likely to lead to price-based competition across retailers, particularly for premium fuels.<\/p>\n

Moreover, the Australian consumer is under pressure and this is likely to affect premium fuel volumes further, and there is a global movement under way to cleaner fuels.<\/p>\n

The broker also notes a growing probability that the Australian government will ban regular unleaded and impose lower sulphur limits on all fuel types.<\/p>\n

The broker believes investors will price Caltex on an underlying basis excluding the Woolworths ((WOW)) supply contract and downgrades to Underweight from Equal-weight.  Target is reduced to $27.00 from  $32.60. In-Line industry view.<\/p>\n

GOODMAN GROUP ((GMG)) Downgrade to Lighten from Hold by Ord Minnett<\/strong> .B\/H\/S: 2\/4\/0<\/p>\n

Ord Minnett observes the operating performance was solid in the third quarter. Development yields are increasing and work in progress stated at $3.5bn.<\/p>\n

 Despite the good numbers, Ord Minnett downgrades to Lighten from Hold on valuation grounds as the stock is trading on a forward price\/earnings ratio of 19.7x.<\/p>\n

Historically,  the broker observes stock traded at a price\/earnings discount versus the sector but the recent strong run has meant the relationship has inverted to a premium, and in the last 12 months the stock has recorded a total shareholder return of 21% versus the sector's gain of just 2%. Target is raised to $7.80 from $7.60.<\/p>\n

IOOF HOLDINGS LIMITED ((IFL)) Downgrade to Neutral from Buy by Citi<\/strong> .B\/H\/S: 0\/4\/1<\/p>\n

Citi analysts observe the company is presently surrounded by positive news flow. They anticipate the trend in Funds under Administration (FuA) growth should be accelerating at this point in time.<\/p>\n

Alas, the share price has rallied too, and this triggers the downgrade to Neutral from Buy. Target price remains untouched at $9.40. Estimates haven't moved either.<\/p>\n

MACQUARIE ATLAS ROADS GROUP ((MQA)) Downgrade to Hold from Add by Morgans<\/strong> .B\/H\/S: 2\/4\/0<\/p>\n

Morgans has trimmed its target for Mac Atlas to $5.98 from $6.05 to reflect the performance fee the broker expects Mac Atlas to owe Macquarie Group ((MQG)) for this financial year.<\/p>\n

Otherwise, a co-investor in the APRR has announced it will exit its 31.2% stake. Mac Atlas has sixty days to decide whether or not and how much of the stake it might acquire. A capital raising may be required, Morgans notes. Given a lot of uncertainty, the broker pulls back to Hold.<\/p>\n

 <\/p>\n\n\n\n\n
Total Recommendations<\/strong>
\n\t\t\t<\/td>\n		Recommendation Changes<\/strong>
\n\t\t\t<\/td>\n<\/tr>\n
\n

 <\/p>\n

\t\t\tBroker Recommendation Breakup<\/strong>
\n\t\t\t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n
\n

Broker Rating<\/h2>\n<\/td>\n<\/tr>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nCompany<\/th>\nNew Rating<\/th>\nOld Rating<\/th>\nBroker<\/th>\n<\/tr>\n<\/thead>\n
Upgrade<\/td>\n<\/tr>\n
1<\/td>\nALACER GOLD CORP<\/a><\/td>\nBuy<\/td>\nN\/A<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
2<\/td>\nBEACH ENERGY LIMITED<\/a><\/td>\nNeutral<\/td>\nSell<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
3<\/td>\nBENDIGO AND ADELAIDE BANK LIMITED <\/a><\/td>\nNeutral<\/td>\nSell<\/td>\nDeutsche Bank<\/td>\n<\/tr>\n
4<\/td>\nBHP BILLITON LIMITED<\/a><\/td>\nBuy<\/td>\nNeutral<\/td>\nUBS<\/td>\n<\/tr>\n
5<\/td>\nCSL LIMITED<\/a><\/td>\nBuy<\/td>\nNeutral<\/td>\nUBS<\/td>\n<\/tr>\n
6<\/td>\nHARVEY NORMAN HOLDINGS LIMITED<\/a><\/td>\nNeutral<\/td>\nSell<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
7<\/td>\nSANTOS LIMITED<\/a><\/td>\nBuy<\/td>\nNeutral<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
8<\/td>\nTABCORP HOLDINGS LIMITED<\/a><\/td>\nBuy<\/td>\nNeutral<\/td>\nDeutsche Bank<\/td>\n<\/tr>\n
9<\/td>\nVOCUS COMMUNICATIONS LIMITED<\/a><\/td>\nNeutral<\/td>\nSell<\/td>\nMorgans<\/td>\n<\/tr>\n
Downgrade<\/td>\n<\/tr>\n
10<\/td>\nCALTEX AUSTRALIA LIMITED<\/a><\/td>\nSell<\/td>\nNeutral<\/td>\nMorgan Stanley<\/td>\n<\/tr>\n
11<\/td>\nGOODMAN GROUP<\/a><\/td>\nSell<\/td>\nNeutral<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
12<\/td>\nIOOF HOLDINGS LIMITED<\/a><\/td>\nNeutral<\/td>\nBuy<\/td>\nCiti<\/td>\n<\/tr>\n
13<\/td>\nMACQUARIE ATLAS ROADS GROUP<\/a><\/td>\nNeutral<\/td>\nBuy<\/td>\nMorgans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
\n

Recommendation<\/h2>\n<\/td>\n<\/tr>\n

\n

Positive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew Rating<\/th>\nPrevious Rating<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nEPW<\/a><\/td>\nERM POWER LIMITED<\/td>\n67.0%<\/td>\n33.0%<\/td>\n34.0%<\/td>\n3<\/td>\n<\/tr>\n
2<\/td>\nTAH<\/a><\/td>\nTABCORP HOLDINGS LIMITED<\/td>\n30.0%<\/td>\n10.0%<\/td>\n20.0%<\/td>\n5<\/td>\n<\/tr>\n
3<\/td>\nCSL<\/a><\/td>\nCSL LIMITED<\/td>\n75.0%<\/td>\n58.0%<\/td>\n17.0%<\/td>\n6<\/td>\n<\/tr>\n
4<\/td>\nBEN<\/a><\/td>\nBENDIGO AND ADELAIDE BANK LIMITED<\/td>\n-64.0%<\/td>\n-79.0%<\/td>\n15.0%<\/td>\n7<\/td>\n<\/tr>\n
5<\/td>\nHVN<\/a><\/td>\nHARVEY NORMAN HOLDINGS LIMITED<\/td>\n-7.0%<\/td>\n-21.0%<\/td>\n14.0%<\/td>\n7<\/td>\n<\/tr>\n
6<\/td>\nSTO<\/a><\/td>\nSANTOS LIMITED<\/td>\n63.0%<\/td>\n50.0%<\/td>\n13.0%<\/td>\n8<\/td>\n<\/tr>\n
7<\/td>\nBHP<\/a><\/td>\nBHP BILLITON LIMITED<\/td>\n63.0%<\/td>\n50.0%<\/td>\n13.0%<\/td>\n8<\/td>\n<\/tr>\n
8<\/td>\nCYB<\/a><\/td>\nCYBG PLC<\/td>\n-30.0%<\/td>\n-42.0%<\/td>\n12.0%<\/td>\n5<\/td>\n<\/tr>\n
9<\/td>\nNWS<\/a><\/td>\nNEWS CORPORATION<\/td>\n50.0%<\/td>\n40.0%<\/td>\n10.0%<\/td>\n4<\/td>\n<\/tr>\n
10<\/td>\nDLX<\/a><\/td>\nDULUX GROUP LIMITED<\/td>\n-50.0%<\/td>\n-56.0%<\/td>\n6.0%<\/td>\n7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\n

Negative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew Rating<\/th>\nPrevious Rating<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nMQA<\/a><\/td>\nMACQUARIE ATLAS ROADS GROUP<\/td>\n33.0%<\/td>\n50.0%<\/td>\n-17.0%<\/td>\n6<\/td>\n<\/tr>\n
2<\/td>\nOGC<\/a><\/td>\nOCEANAGOLD CORPORATION<\/td>\n50.0%<\/td>\n67.0%<\/td>\n-17.0%<\/td>\n6<\/td>\n<\/tr>\n
3<\/td>\nVCX<\/a><\/td>\nVICINITY CENTRES<\/td>\n-8.0%<\/td>\n8.0%<\/td>\n-16.0%<\/td>\n6<\/td>\n<\/tr>\n
4<\/td>\nCTX<\/a><\/td>\nCALTEX AUSTRALIA LIMITED<\/td>\n50.0%<\/td>\n64.0%<\/td>\n-14.0%<\/td>\n7<\/td>\n<\/tr>\n
5<\/td>\nGMG<\/a><\/td>\nGOODMAN GROUP<\/td>\n21.0%<\/td>\n29.0%<\/td>\n-8.0%<\/td>\n7<\/td>\n<\/tr>\n
6<\/td>\nSFR<\/a><\/td>\nSANDFIRE RESOURCES NL<\/td>\n31.0%<\/td>\n38.0%<\/td>\n-7.0%<\/td>\n8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
\n

Target Price<\/h2>\n<\/td>\n<\/tr>\n

\n

Positive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew Target<\/th>\nPrevious Target<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nCSL<\/a><\/td>\nCSL LIMITED<\/td>\n137.550<\/td>\n132.908<\/td>\n3.49%<\/td>\n6<\/td>\n<\/tr>\n
2<\/td>\nCYB<\/a><\/td>\nCYBG PLC<\/td>\n4.945<\/td>\n4.804<\/td>\n2.94%<\/td>\n5<\/td>\n<\/tr>\n
3<\/td>\nEPW<\/a><\/td>\nERM POWER LIMITED<\/td>\n1.333<\/td>\n1.300<\/td>\n2.54%<\/td>\n3<\/td>\n<\/tr>\n
4<\/td>\nGMG<\/a><\/td>\nGOODMAN GROUP<\/td>\n8.056<\/td>\n7.913<\/td>\n1.81%<\/td>\n7<\/td>\n<\/tr>\n
5<\/td>\nDLX<\/a><\/td>\nDULUX GROUP LIMITED<\/td>\n6.290<\/td>\n6.234<\/td>\n0.90%<\/td>\n7<\/td>\n<\/tr>\n
6<\/td>\nOGC<\/a><\/td>\nOCEANAGOLD CORPORATION<\/td>\n4.700<\/td>\n4.683<\/td>\n0.36%<\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\n

Negative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew Target<\/th>\nPrevious Target<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nHVN<\/a><\/td>\nHARVEY NORMAN HOLDINGS LIMITED<\/td>\n4.276<\/td>\n4.424<\/td>\n-3.35%<\/td>\n7<\/td>\n<\/tr>\n
2<\/td>\nCTX<\/a><\/td>\nCALTEX AUSTRALIA LIMITED<\/td>\n33.163<\/td>\n33.963<\/td>\n-2.36%<\/td>\n7<\/td>\n<\/tr>\n
3<\/td>\nVCX<\/a><\/td>\nVICINITY CENTRES<\/td>\n2.997<\/td>\n3.060<\/td>\n-2.06%<\/td>\n6<\/td>\n<\/tr>\n
4<\/td>\nBEN<\/a><\/td>\nBENDIGO AND ADELAIDE BANK LIMITED<\/td>\n11.007<\/td>\n11.221<\/td>\n-1.91%<\/td>\n7<\/td>\n<\/tr>\n
5<\/td>\nSTO<\/a><\/td>\nSANTOS LIMITED<\/td>\n4.253<\/td>\n4.328<\/td>\n-1.73%<\/td>\n8<\/td>\n<\/tr>\n
6<\/td>\nSFR<\/a><\/td>\nSANDFIRE RESOURCES NL<\/td>\n6.794<\/td>\n6.856<\/td>\n-0.90%<\/td>\n8<\/td>\n<\/tr>\n
7<\/td>\nTAH<\/a><\/td>\nTABCORP HOLDINGS LIMITED<\/td>\n4.610<\/td>\n4.650<\/td>\n-0.86%<\/td>\n5<\/td>\n<\/tr>\n
8<\/td>\nMQA<\/a><\/td>\nMACQUARIE ATLAS ROADS GROUP<\/td>\n5.565<\/td>\n5.577<\/td>\n-0.22%<\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
\n

Earning Forecast<\/h2>\n<\/td>\n<\/tr>\n

\n

Positive Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew EF<\/th>\nPrevious EF<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nNHC<\/a><\/td>\nNEW HOPE CORPORATION LIMITED<\/td>\n17.867<\/td>\n16.500<\/td>\n8.28%<\/td>\n3<\/td>\n<\/tr>\n
2<\/td>\nMFG<\/a><\/td>\nMAGELLAN FINANCIAL GROUP LIMITED<\/td>\n118.400<\/td>\n110.967<\/td>\n6.70%<\/td>\n6<\/td>\n<\/tr>\n
3<\/td>\nORG<\/a><\/td>\nORIGIN ENERGY LIMITED<\/td>\n15.926<\/td>\n15.654<\/td>\n1.74%<\/td>\n7<\/td>\n<\/tr>\n
4<\/td>\nSGM<\/a><\/td>\nSIMS METAL MANAGEMENT LIMITED<\/td>\n69.430<\/td>\n68.416<\/td>\n1.48%<\/td>\n7<\/td>\n<\/tr>\n
5<\/td>\nCTX<\/a><\/td>\nCALTEX AUSTRALIA LIMITED<\/td>\n225.514<\/td>\n222.229<\/td>\n1.48%<\/td>\n7<\/td>\n<\/tr>\n
6<\/td>\nPTM<\/a><\/td>\nPLATINUM ASSET MANAGEMENT LIMITED<\/td>\n30.650<\/td>\n30.375<\/td>\n0.91%<\/td>\n4<\/td>\n<\/tr>\n
7<\/td>\nSUN<\/a><\/td>\nSUNCORP GROUP LIMITED<\/td>\n88.975<\/td>\n88.513<\/td>\n0.52%<\/td>\n8<\/td>\n<\/tr>\n
8<\/td>\nBLD<\/a><\/td>\nBORAL LIMITED<\/td>\n31.018<\/td>\n30.918<\/td>\n0.32%<\/td>\n6<\/td>\n<\/tr>\n
9<\/td>\nJBH<\/a><\/td>\nJB HI-FI LIMITED<\/td>\n185.863<\/td>\n185.363<\/td>\n0.27%<\/td>\n8<\/td>\n<\/tr>\n
10<\/td>\nRRL<\/a><\/td>\nREGIS RESOURCES LIMITED<\/td>\n25.084<\/td>\n25.018<\/td>\n0.26%<\/td>\n8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\n

Negative Change Covered by > 2 Brokers<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Order<\/th>\nSymbol<\/th>\nCompany<\/th>\nNew EF<\/th>\nPrevious EF<\/th>\nChange<\/th>\nRecs<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nAHG<\/a><\/td>\nAUTOMOTIVE HOLDINGS GROUP LIMITED<\/td>\n25.747<\/td>\n27.319<\/td>\n-5.75%<\/td>\n7<\/td>\n<\/tr>\n
2<\/td>\nBEN<\/a><\/td>\nBENDIGO AND ADELAIDE BANK LIMITED<\/td>\n84.757<\/td>\n89.600<\/td>\n-5.41%<\/td>\n7<\/td>\n<\/tr>\n
3<\/td>\nSTO<\/a><\/td>\nSANTOS LIMITED<\/td>\n18.028<\/td>\n18.531<\/td>\n-2.71%<\/td>\n8<\/td>\n<\/tr>\n
4<\/td>\nOSH<\/a><\/td>\nOIL SEARCH LIMITED<\/td>\n26.888<\/td>\n27.561<\/td>\n-2.44%<\/td>\n8<\/td>\n<\/tr>\n
5<\/td>\nQUB<\/a><\/td>\nQUBE HOLDINGS LIMITED<\/td>\n7.563<\/td>\n7.688<\/td>\n-1.63%<\/td>\n8<\/td>\n<\/tr>\n
6<\/td>\nWPL<\/a><\/td>\nWOODSIDE PETROLEUM LIMITED<\/td>\n165.815<\/td>\n168.056<\/td>\n-1.33%<\/td>\n8<\/td>\n<\/tr>\n
7<\/td>\nWES<\/a><\/td>\nWESFARMERS LIMITED<\/td>\n256.438<\/td>\n259.088<\/td>\n-1.02%<\/td>\n8<\/td>\n<\/tr>\n
8<\/td>\nAZJ<\/a><\/td>\nAURIZON HOLDINGS LIMITED<\/td>\n21.940<\/td>\n22.131<\/td>\n-0.86%<\/td>\n8<\/td>\n<\/tr>\n
9<\/td>\nQAN<\/a><\/td>\nQANTAS AIRWAYS LIMITED<\/td>\n55.073<\/td>\n55.535<\/td>\n-0.83%<\/td>\n7<\/td>\n<\/tr>\n
10<\/td>\nVCX<\/a><\/td>\nVICINITY CENTRES<\/td>\n20.550<\/td>\n20.717<\/td>\n-0.81%<\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Technical limitations<\/strong><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included<\/em>, we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n

Find out why FNArena 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 stockbroker recommendation, target price, and earnings forecast changes.<\/p>\n","protected":false},"author":15,"featured_media":68644,"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\/68642"}],"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=68642"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/68642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/68644"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=68642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=68642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=68642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}