The ASX stocks the big brokers loved and hated this week

LiveWire10-25 21:07

Welcome back to our weekly check-up on the biggest moves from the biggest brokers covering ASX stocks. Note this edition covers the period Thursday 17 - Thursday 24 October inclusive. Here's a quick ...

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Here's a quick ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/the-asx-stocks-the-big-brokers-loved-and-hated-this-week\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The ASX stocks the big brokers loved and hated this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe ASX stocks the big brokers loved and hated this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 21:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/the-asx-stocks-the-big-brokers-loved-and-hated-this-week><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome back to our weekly check-up on the biggest moves from the biggest brokers covering ASX stocks. Note this edition covers the period Thursday 17 - Thursday 24 October inclusive. Here's a quick ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/the-asx-stocks-the-big-brokers-loved-and-hated-this-week\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PT","symbol_name":"品钛","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/the-asx-stocks-the-big-brokers-loved-and-hated-this-week","article_id":"2478984209","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/the-asx-stocks-the-big-brokers-loved-and-hated-this-week","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2478984209","pubTimestamp":1729861637,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"Welcome back to our weekly check-up on the biggest moves from the biggest brokers covering ASX stocks. Note this edition covers the period Thursday 17 - Thursday 24 October inclusive. Here's a quick summary of the stocks that grabbed the brokers' attention over the last week:. Bank of Queensland  posted FY24 earnings last week, and, for the most part, the big brokers liked what they saw. Top-line profit – driven by an improved second-half net interest margin  of 1.57% – was generally ahead of consensus forecasts. Management also guided to flat costs in FY25, which met with broad broker approval.However, despite plenty of price target increases for BOQ , and a big pop in its share price after the result, brokers appeared to remain circumspect about the company's outlook. The only rating upgrade came from CLSA , while most other brokers retained sell-equivalent ratings .One of the upgrading brokers, Citi, had this to say about PPT's first quarter update: \"We believe this uncertainty [pro","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PT":"品钛","29M.AU":"29Metals Ltd","AD8.AU":"AUDINATE GROUP LTD","A11.AU":"Atlantic Lithium Limited","SMP.AU":"SMARTPAY HOLDINGS LTD","DSE":"Duff & Phelps Select Energy MLP Fund Inc.","NWL":"纽威","ALL":"好事达","PNR":"滨特尔","EVT.AU":"EVT Ltd","CYL.AU":"CATALYST METALS LTD","SBM.AU":"ST BARBARA LTD","DUG":"二倍做空石油与天然气ETF(ProShares)","VNT.AU":"VENTIA SERVICES GROUP LIMITED","NIM.AU":"NIMY RESOURCES LTD","PPT":"普特南优先收入信托","PNR.AU":"PANTORO LTD","NCK.AU":"NICK SCALI LTD","EVN.AU":"EVOLUTION MINING LTD","JBH.AU":"JB HI-FI LTD","SMP":"Standard Motor Products Inc","BSL":"BLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND","RIO.AU":"力拓","PPS":"波斯特房产信托","BGL.AU":"BELLEVUE GOLD LTD","EVN":"Eaton Vance Municipal Income Tru","BPT.AU":"BEACH ENERGY LTD","SKO.AU":"SERKO LTD","LTM.AU":"Arcadium Lithium plc","DTL.AU":"DATA#3 LIMITED","AMP.AU":"AMP LIMITED","FLT.AU":"FLIGHT CENTRE TRAVEL GROUP L","AMP":"阿莫斯莱斯金融","WEB.AU":"Web Travel Group Ltd","MIN":"MFS Intermediate Income Trust","IPD.AU":"IMPEDIMED LTD","BOQ.AU":"BANK OF QUEENSLAND LTD","SGM.AU":"SIMS LTD","PYC.AU":"PYC THERAPEUTICS LTD","SBM":"ProShares做空大宗商品ETF","JIN.AU":"JUMBO INTERACTIVE LTD","B4P.AU":"BEFOREPAY GROUP LTD","VNT":"Vontier Corporation","GLN.AU":"GALAN LITHIUM LTD","AAM.AU":"AuMega Metals","PPS.AU":"PRAEMIUM LTD","LTM":"南美航空集团","QOR.AU":"QORIA LTD","TWE.AU":"TREASURY WINE ESTATES LTD"},"translate_title":"本周大型经纪商又爱又恨的澳大利亚证券交易所股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QOR.AU":1,"LTM.AU":1,"MIN":1,"NCK.AU":1,"NIM.AU":1,"NWL":1,"PNR":1,"PNR.AU":1,"PPS":1,"PPS.AU":1,"PPT":1,"PT":1,"PYC.AU":1,"LTM":1,"RIO.AU":1,"SBM":1,"SBM.AU":1,"SGM.AU":1,"SKO.AU":1,"SMP":1,"SMP.AU":1,"TWE.AU":1,"VNT":1,"VNT.AU":1,"WEB.AU":1,"CYL.AU":1,"A11.AU":1,"AAM.AU":1,"AD8.AU":1,"ALL":1,"AMP":1,"AMP.AU":1,"B4P.AU":1,"BGL.AU":1,"BOQ.AU":1,"BPT.AU":1,"BSL":1,"29M.AU":1,"DSE":1,"DTL.AU":1,"DUG":1,"EVN":1,"EVN.AU":1,"EVT.AU":1,"FLT.AU":1,"GLN.AU":1,"IPD.AU":1,"JBH.AU":1,"JIN.AU":1},"content_text":"Welcome back to our weekly check-up on the biggest moves from the biggest brokers covering ASX stocks. Note this edition covers the period Thursday 17 - Thursday 24 October inclusive. Here's a quick summary of the stocks that grabbed the brokers' attention over the last week:\nBOQ bounces back, still unloved\n\n\n\n\n\n\n\n\n\nBank of Queensland (BOQ) chart\n\nBank of Queensland (ASX: BOQ) posted FY24 earnings last week, and, for the most part, the big brokers liked what they saw. Top-line profit – driven by an improved second-half net interest margin (NIM) of 1.57% – was generally ahead of consensus forecasts. Management also guided to flat costs in FY25, which met with broad broker approval.\nHowever, despite plenty of price target increases for BOQ (see table below), and a big pop in its share price after the result, brokers appeared to remain circumspect about the company's outlook. The only rating upgrade came from CLSA (NEUTRAL from UNDERPERFORM), while most other brokers retained sell-equivalent ratings (Citi, Ord Minnett & UBS SELL, JP Morgan & Morgan Stanley UNDERWEIGHT, and Macquarie UNDERPERFORM).\nHere are a few spicy comments from the brokers with respect to BOQ's outlook:\n\"BOQ remains in a tough position, given the need to reduce expenses and improve profitability while still investing for the future... BOQ still appears expensive on our numbers... Additionally, the risk profile has increased as management looks to pivot the business.\" ––Macquarie\n\"The 2H24 result and outlook commentary drive upgrades to our earnings estimates and price target. However, BOQ remains our least preferred smaller bank.\" ––Morgan Stanley\n\"[We] are not convinced the slated changes to the business model will remedy the problems it faces. There are significant execution risks.\" ––Ord Minnett\n\nA Perpetual dog finally has its day\n\n\n\n\n\n\n\n\n\nPerpetual Ltd (PPT) chart\n\nPerennial share price underperformer Perpetual Ltd (ASX: PPT) provided a First Quarter FY25 Business Update last week that was well received by brokers – earning it the honour of the only double-upgrade recipient in today's update.\nThe wealth manager turned around two successive quarters of net funds outflows in September, adding $400 million to its assets under management (AUM). These positive net inflows, plus strong global financial markets, helped drive a 3.4% overall increase in PPT's AUM to $223 billion.\nBrokers also scrutinised the proposed separation of the business into its trustee and asset management arms, noting that while there wasn't any progress yet on the pending tax ruling, it would likely proceed at some stage and help unlock greater value for shareholders.\nOne of the upgrading brokers, Citi, had this to say about PPT's first quarter update: \"We believe this uncertainty [proposed separation] should be resolved one way or the other relatively soon and, with the stock potentially inexpensive whether or not the transaction goes ahead, we lift our call to Buy.\"\nJP Morgan also upgraded PPT to a buy-equivalent (OVERWEIGHT from NEUTRAL), joining Jarden at OVERWEIGHT and Bell Potter & UBS at BUY. Macquarie (NEUTRAL) & Morgan Stanley (EQUAL-WEIGHT) chose to remain neutral-rated.\n\nFlight Centre and WEB Travel double nose-dive\n\n\n\n\n\n\n\n\n\nFlight Centre Travel Group (FLT) chart\nNot one but two travel-related companies found themselves on the wrong side of investor sentiment regarding respective trading updates. Flight Centre Travel Group (ASX: FLT) nose-dived following a presentation by CEO and co-founder Graham Turner at an investor conference held by Morgan's on Friday.\nDetails of the company's performance in the September quarter were vague by most broker accounts – and that probably contributed to subsequent investor nerves. Most brokers agreed FLT had delivered a profit warning by saying that total transaction value (TTV), margin, and underlying profit were only “marginally above” the same period last year.\nIronically, only Morgans chose to downgrade FLT (HOLD from ADD – thanks for coming!), but there were several very large price target cuts applied, the greatest being -22% from Wilsons ($22.29 from $28.56, retain OVERWEIGHT).\n\n\n\n\n\n\n\n\n\n\n\nWEB Travel Group (ASX: WEB) hasn't been around for long, having only been spun out of Webjet Group just last month, but you could say that it has had a \"turbulent\" start to life as a standalone company. WEB's share price plunged following a surprise warning to the market that its European business was struggling, and that this would significantly negatively impact the company's FY25 earnings.\nThis week's 44% price target cut from UBS ($5.60 from $10.00, retain BUY) and 12.5% cut from Macquarie ($4.48 from $5.12, retain NEUTRAL) were catch-ups to multiple rating downgrades and other price target cuts for WEB we reported in last week's Broker Moves update.\n\nAudible disappointment for Audinate\n\n\n\n\n\n\n\n\n\nAudinate Group (AD8)\nOn Tuesday, audio-visual technology solutions company Audinate Group (ASX: AD8) held its AGM and provided a trading update for the September quarter. The company warned of \"several challenges\" it was presently facing, including shorter order lead times, increased inventory, slower response times from its manufacturing customers, and (possibly the worst bit...) \"softer than expected demand\" from its customers. Oops.\nMorgan Stanley called it a \"large downgrade\" and a \"material miss\" versus market expectations, noting the broker's analysts were left with several important unanswered questions after the update. Still, Morgan Stanley chose to retain its OVERWEIGHT rating on the stock and its $10.50 price target.\nJefferies wasn't so gun-shy in firing off a rating downgrade, they cut to HOLD from BUY. The broker also applied a sizeable price target cut, slicing -25% from AD8's valuation ($9 from $12), as did several other brokers.\nVictims of their success...\n\n\n\n\n\n\n\n\n\nAMP (AMP) chart\nAMP (ASX: AMP) also featured in the rating downgrades table below, but unlike FLT and WEB, it delivered a significantly better than expected trading update. Citi (NEUTRAL from BUY) and Ord Minnett (HOLD from ACCUMULATE) downgraded their respective ratings not because of disappointment over the update, but rather due to the broader market's appreciation of it via AMP's share price.\nTranslation: AMP's share price spiked after the news, causing each broker to see far less value in AMP's shares. You'll notice that AMP appears several times in the price target increases list below, meaning brokers generally liked what they saw.\nDespite Citi and Ord's downgrades, they did have some nice things to say about AMP, for example:\n\"In our view, AMP’s 3Q provides more evidence that its businesses have turned a corner with significantly improved platform flows\" ––Citi\n\"The quarterly update was positive, with the businesses stabilising\" ––Ord Minnett\n\n\n\n\n\n\n\n\n\nEvolution Mining (EVN) chart\nEvolution Mining (ASX: EVN) also copped the ire of the big brokers this week, suffering two rating downgrades. But, like AMP, it also enjoyed several large price target increases.\nAs far as the price target increases go, brokers responded positively to the company's very solid September quarter production and activities report – but also to EVN's massive recent share price run-up (approx. 17% since the start of this month).\nMacquarie downgraded EVN to NEUTRAL from OUTPERFORM despite noting the company beat consensus estimates for production and met consensus estimates for costs. The sticking point, noted Mac, was the company's recent share price appreciation that had left EVN \"fairly valued\" at best.\nJP Morgan downgraded EVN to UNDERWEIGHT from NEUTRAL, also acknowledging a broadly in-line update – but again cited a stretched valuation. The broker also noted there few near term catalysts to drive valuation upside.\n\nThere are plenty of other interesting broker moves for the period, and keep scrolling because we have summarised the major moves in the tables below. Remember, you can only get this level of detail on what brokers up to from us – so let’s dive in!\n\nBroker UPGRADES since Thursday 17 Oct\n\n\nCompany\nBroker\nNew Rating\nOld Rating\nPrice Target\nPT Upside%\n\n\nBank of Queensland (BOQ)\nCLSA\nHold\nUnderperform\n$6.40\n-7.1%\n\n\nBeach Energy (BPT)\nCanaccord Genuity\nHold\nSell\n$1.25\n-4.6%\n\n\nEVT (EVT)\nCiti\nBuy\nNeutral\n$12.73\n14.6%\n\n\nIncitec Pivot (IPL)\nRBC Capital Markets\nOutperform\nSector Perform\n$3.60\n16.1%\n\n\nJumbo Interactive (JIN)\nCiti\nBuy\nNeutral\n$14.70\n16.0%\n\n\nPerpetual (PPT)\nCiti\nBuy\nNeutral\n$22.50\n11.2%\n\n\nPerpetual (PPT)\nJP Morgan\nOverweight\nNeutral\n$23.50\n16.2%\n\n\nREA Group (REA)\nJP Morgan\nOverweight\nNeutral\n$240.00\n4.5%\n\n\nTreasury Wine Estates (TWE)\nCiti\nBuy\nNeutral\n$12.97\n10.4%\n\n\nWisetech Global (WTC)\nCLSA\nOutperform\nHold\n$121.00\n21.8%\n\n\nBiggest broker rating upgrades since Thursday 17 Oct. Price Target Upside/Downside (“PT Upside%”) values in the last column are based on closing prices on Thursday 24 Oct.\n\nBroker DOWNGRADES since Thursday 17 Oct\n\n\nCompany\nBroker\nNew Rating\nOld Rating\nPrice Target\nPT Upside%\n\n\nAtlantic Lithium (A11)\nMacquarie\nNeutral\nOutperform\n$0.30\n17.6%\n\n\nAudinate Group (AD8)\nJefferies\nHold\nBuy\n$9.00\n4.4%\n\n\nAMP (AMP)\nCiti\nNeutral\nBuy\n$1.70\n19.3%\n\n\nAMP (AMP)\nOrd Minnett\nHold\nAccumulate\n$1.55\n8.8%\n\n\nBellevue Gold (BGL)\nOrd Minnett\nLighten\nHold\n$1.35\n-17.7%\n\n\nBank of Queensland (BOQ)\nOrd Minnett\nSell\nLighten\n$5.00\n-27.4%\n\n\nBluescope Steel (BSL)\nCiti\nNeutral\nBuy\n$23.00\n11.9%\n\n\nData#3 (DTL)\nUBS\nNeutral\nBuy\n$8.00\n10.3%\n\n\nDUG Technology (DUG)\nE&P\nNeutral\nPositive\n$2.86\n48.2%\n\n\nEvolution Mining (EVN)\nJP Morgan\nUnderweight\nNeutral\n$4.10\n-21.2%\n\n\nEvolution Mining (EVN)\nMacquarie\nNeutral\nOutperform\n$4.60\n-11.5%\n\n\nFlight Centre Travel (FLT)\nMorgans\nHold\nAdd\n$18.50\n16.6%\n\n\nArcadium Lithium (LTM)\nCiti\nNeutral\nBuy\n$8.60\n3.5%\n\n\nLynas Rare Earths (LYC)\nBell Potter\nHold\nBuy\n$8.00\n7.5%\n\n\nMineral Resources (MIN)\nCiti\nNeutral\nBuy\n$50.00\n39.2%\n\n\nMetcash (MTS)\nGoldman Sachs\nSell\nNeutral\n$3.10\n-6.1%\n\n\nNick Scali (NCK)\nOrd Minnett\nAccumulate\nBuy\n$15.00\n4.5%\n\n\nNetwealth (NWL)\nMorgan Stanley\nEqual-Weight\nOverweight\n$27.50\n1.1%\n\n\nRio Tinto (RIO)\nMacquarie\nNeutral\nOutperform\n$119.00\n1.0%\n\n\nSt Barbara (SBM)\nMacquarie\nNeutral\nOutperform\n$0.49\n6.5%\n\n\nSeek (SEK)\nOrd Minnett\nAccumulate\nBuy\n$27.00\n5.5%\n\n\nVentia Services (VNT)\nCLSA\nHold\nOutperform\n$4.45\n-5.1%\n\n\nBiggest broker rating downgrades since Thursday 17 Oct. Price Target Upside/Downside (“PT Upside%”) values in the last column are based on closing prices on Thursday 24 Oct.\n\nBiggest broker price target INCREASES since Thursday 17 Oct\n\n\nCompany\nBroker\nRating\nNew PT\nOld PT\nPT Change%\nPT Upside%\n\n\nSt Barbara (SBM)\nMacquarie\nNeutral\n$0.49\n$0.33\n48.5%\n6.5%\n\n\nPYC Therapeutics (PYC)\nBell Potter\nBuy\n$0.25\n$0.17\n47.1%\n28.2%\n\n\n29METALS (29M)\nCLSA\nUnderperform\n$0.39\n$0.30\n30.0%\n-10.3%\n\n\nMA Financial (MAF)\nMorgans\nAdd\n$7.02\n$5.46\n28.6%\n7.7%\n\n\nREA Group (REA)\nJP Morgan\nOverweight\n$240.00\n$190.00\n26.3%\n4.5%\n\n\nBank of Queensland (BOQ)\nCLSA\nHold\n$6.40\n$5.10\n25.5%\n-7.1%\n\n\nPantoro (PNR)\nOrd Minnett\nBuy\n$0.15\n$0.12\n25.0%\n20.0%\n\n\nBeforepay Group (B4P)\nShaw and Partners\nBuy\n$2.15\n$1.75\n22.9%\n104.8%\n\n\nQoria (QOR)\nWilsons\nOverweight\n$0.55\n$0.45\n22.2%\n27.9%\n\n\nAristocrat Leisure (ALL)\nMacquarie\nOutperform\n$67.00\n$55.00\n21.8%\n16.7%\n\n\n29METALS (29M)\nMacquarie\nNeutral\n$0.46\n$0.38\n21.1%\n5.7%\n\n\nEvolution Mining (EVN)\nCLSA\nHold\n$5.05\n$4.20\n20.2%\n-2.9%\n\n\nMirvac Group (MGR)\nMacquarie\nOutperform\n$2.46\n$2.07\n18.8%\n11.3%\n\n\nSims (SGM)\nMacquarie\nOutperform\n$15.40\n$13.00\n18.5%\n16.8%\n\n\nAMP (AMP)\nCiti\nNeutral\n$1.70\n$1.45\n17.2%\n19.3%\n\n\nDropsuite (DSE)\nShaw and Partners\nBuy\n$4.80\n$4.10\n17.1%\n18.2%\n\n\nNetwealth Group (NWL)\nMorgan Stanley\nEqual-Weight\n$27.50\n$23.50\n17.0%\n1.1%\n\n\nGalan Lithium (GLN)\nMacquarie\nNeutral\n$0.14\n$0.12\n16.7%\n-9.7%\n\n\nAMP (AMP)\nJefferies\nBuy\n$1.80\n$1.55\n16.1%\n26.3%\n\n\nGeneration Development (GDG)\nOrd Minnett\nBuy\n$3.90\n$3.40\n14.7%\n13.0%\n\n\nPraemium (PPS)\nOrd Minnett\nHold\n$0.63\n$0.55\n14.5%\n-4.5%\n\n\nXero (XRO)\nUBS\nBuy\n$175.00\n$154.00\n13.6%\n19.7%\n\n\nStockland (SGP)\nCLSA\nReduce\n$5.72\n$5.04\n13.5%\n9.6%\n\n\nREA Group (REA)\nUBS\nBuy\n$263.00\n$232.20\n13.3%\n14.6%\n\n\nStockland (SGP)\nCiti\nBuy\n$6.00\n$5.30\n13.2%\n14.9%\n\n\nIncitec Pivot (IPL)\nRBC Capital Markets\nOutperform\n$3.60\n$3.20\n12.5%\n16.1%\n\n\nEVT (EVT)\nCiti\nBuy\n$12.73\n$11.32\n12.5%\n14.6%\n\n\nAMP (AMP)\nUBS\nSell\n$1.20\n$1.07\n12.1%\n-15.8%\n\n\nEvolution Mining (EVN)\nRBC Capital Markets\nUnderperform\n$3.80\n$3.40\n11.8%\n-26.9%\n\n\nREA Group (REA)\nGoldman Sachs\nBuy\n$245.00\n$221.00\n10.9%\n6.7%\n\n\nJB HI-FI (JBH)\nMorgan Stanley\nUnderweight\n$67.10\n$60.60\n10.7%\n-15.9%\n\n\nCatalyst Metals (CYL)\nBell Potter\nBuy\n$4.30\n$3.90\n10.3%\n23.9%\n\n\nSeek (SEK)\nGoldman Sachs\nSell\n$21.50\n$19.50\n10.3%\n-16.0%\n\n\nBank of Queensland (BOQ)\nMacquarie\nUnderperform\n$5.50\n$5.00\n10.0%\n-20.2%\n\n\nBiggest broker price target increases since Thursday 17 Oct. Price Target Upside/Downside (“PT Upside%”) values in the last column are based on closing prices as on Thursday 24 Oct.\n\nBiggest broker price target CUTS since Thursday 17 Oct\n\n\nCompany\nBroker\nRating\nNew PT\nOld PT\nPT Change%\nPT Upside%\n\n\nWebjet (WEB)\nUBS\nBuy\n$5.60\n$10.00\n-44.0%\n39.3%\n\n\nSmartpay (SMP)\nBell Potter\nHold\n$0.75\n$1.30\n-42.3%\n21.0%\n\n\nDUG Technology (DUG)\nE&P\nNeutral\n$2.86\n$3.99\n-28.3%\n48.2%\n\n\nAudinate Group (AD8)\nJefferies\nHold\n$9.00\n$12.00\n-25.0%\n4.4%\n\n\nMineral Resources (MIN)\nOrd Minnett\nAccumulate\n$42.00\n$54.00\n-22.2%\n17.0%\n\n\nFlight Centre Travel (FLT)\nWilsons\nOverweight\n$22.29\n$28.56\n-22.0%\n40.5%\n\n\nDUG Technology (DUG)\nOrd Minnett\nBuy\n$2.67\n$3.39\n-21.2%\n38.3%\n\n\nMetcash (MTS)\nGoldman Sachs\nSell\n$3.10\n$3.80\n-18.4%\n-6.1%\n\n\nCygnus Metals (CY5)\nShaw and Partners\nBuy\n$0.25\n$0.30\n-16.7%\n78.6%\n\n\nFlight Centre Travel (FLT)\nOrd Minnett\nBuy\n$22.51\n$26.79\n-16.0%\n41.9%\n\n\nAruma Resources (AAM)\nShaw and Partners\nBuy\n$0.16\n$0.19\n-15.8%\n213.7%\n\n\nFlight Centre Travel (FLT)\nJefferies\nHold\n$17.00\n$20.00\n-15.0%\n7.2%\n\n\nSerko (SKO)\nCiti\nBuy\n$3.40\n$4.00\n-15.0%\n38.2%\n\n\nFlight Centre Travel (FLT)\nJP Morgan\nNeutral\n$19.50\n$22.80\n-14.5%\n23.0%\n\n\nNick Scali (NCK)\nCLSA\nOutperform\n$15.50\n$18.00\n-13.9%\n7.9%\n\n\nImpedimed (IPD)\nOrd Minnett\nBuy\n$0.13\n$0.15\n-13.3%\n128.1%\n\n\nNIB Holdings (NHF)\nMorgan Stanley\nEqual-Weight\n$6.40\n$7.35\n-12.9%\n7.7%\n\n\nAudinate Group (AD8)\nCanaccord Genuity\nBuy\n$10.50\n$12.00\n-12.5%\n21.8%\n\n\nWebjet (WEB)\nMacquarie\nNeutral\n$4.48\n$5.12\n-12.5%\n11.4%\n\n\nFlight Centre Travel (FLT)\nUBS\nBuy\n$23.50\n$26.80\n-12.3%\n48.2%\n\n\nPerpetual (PPT)\nBell Potter\nBuy\n$24.76\n$27.60\n-10.3%\n22.4%\n\n\nAudinate Group (AD8)\nMoelis Australia\nHold\n$9.45\n$10.50\n-10.0%\n9.6%\n\n\nPlayside Studios (PLY)\nShaw and Partners\nBuy\n$0.90\n$1.00\n-10.0%\n89.5%\n\n\nNick Scali (NCK)\nOrd Minnett\nAccumulate\n$15.00\n$16.50\n-9.1%\n4.5%\n\n\nBiggest broker price target cuts since Thursday 17 Oct. Price Target Upside/Downside (“PT Upside%”) values in the last column are based on closing prices as on Thursday 24 Oct.\n\nHow to read broker recommendations 🔎\nTypically, there are two major components of a broker’s view:\nRating: A call to action, usually along the lines of buy, hold, or sell, but depending on the broker’s ratings system, can be somewhere in between (e.g., accumulate or add is typically between a hold and a buy).\nPrice target (PT): The price at which the broker expects the stock will be trading at some point in the future, generally within the next 12 months.\n\nThis article first appeared on Market Index on Friday 25 October 2024.\n\n \n\n\nNever miss an update\n\n    Enjoy this wire? 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