Evening Wrap: ASX 200 claws win on strong Fortescue, Big 4 banks recovery

The S&P/ASX 200 closed 16.2 points higher, up 0.19%.

Resources (XFJ) (+0.76%) and Financials (XFJ) (+0.43%) again did the heavy lifting to drag the ASX 200 to a end-of-day win as well as a solid, albeit small, weekly gain.

Be sure to click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key economic data in tonight's Evening Wrap.

Let's dive in!

Markets

ASX 200 Session Chart

A super brief evening wrap tonight as the Market Index team are at our Christmas party! 🎅

Economy

Today

• There weren't any major economic data releases in our time zone today.

Later this week

Saturday

• 02:00 USA November Core PCE Price Index (+0.2% m/m forecast vs +0.2% m/m in October)

  • Personal Income: (+0.3% m/m forecast vs +0.4% m/m in October)

  • Personal Spending: (+0.3% m/m forecast vs +0.6% m/m in October)

• 02:00 USA November Prelim UoM Consumer Sentiment (52.0 forecast vs 51.0 in October)

• 02:00 USA November Prelim UoM Inflation Expectations

Latest News

Interesting Movers

Trading higher

• +14.29% European Lithium Ltd (EUR)

• +12.99% Nova Minerals Ltd (NVA)

• +11.11% Turaco Gold Ltd (TCG)

• +10.71% Northern Minerals Ltd (NTU)

• +9.80% Wildcat Resources Ltd (WC8)

Trading lower

• -15.87% Premier Investments Ltd (PMV)

• -9.08% Bisalloy Steel Group Ltd (BIS)

• -5.88% Coronado Global Resources Inc (CRN)

• -5.11% Collins Foods Ltd (CKF)

• -5.09% Grange Resources Ltd (GRR)

• -5.00% Titomic Ltd (TTT)

Broker Moves

Audinate Group (AD8)

• Retained at outperform at CLSA; Price Target: $8.90

• Retained at buy at Jefferies; Price Target: $7.00

• Retained at underperform at Macquarie; Price Target: $4.30

Bendigo and Adelaide Bank (BEN)

• Retained at underperform at Jefferies; Price Target: $9.53

• Retained at neutral at JPMorgan; Price Target: $10.30 from $11.20

• Retained at underperform at Macquarie; Price Target: $9.70 from $10.50

• Retained at underweight at Morgan Stanley; Price Target: $9.60

• Upgraded to accumulate from hold at Ord Minnett; Price Target: $11.00

• Retained at neutral at UBS; Price Target: $10.95 from $13.00

Beach Energy (BPT)

• Downgraded to hold from buy at Euroz Hartleys; Price Target: $1.17 from $1.38

• Retained at underperform at Macquarie; Price Target: $0.77

Brambles (BXB)

• Retained at neutral at UBS; Price Target: $25.65

FINEOS Corporation Holdings PLC (FCL)

• Retained at outperform at Macquarie; Price Target: $3.48

IGO (IGO)

• Upgraded to neutral from sell at UBS; Price Target: $7.20 from $5.20

Imdex (IMD)

• Upgraded to outperform from unknown at Macquarie; Price Target: $3.80

Liontown (LTR)

• Upgraded to buy from sell at UBS; Price Target: $1.80 from $0.80

Mineral Resources (MIN)

• Upgraded to neutral from underperform at Macquarie; Price Target: $51.00 from $47.00

• Upgraded to buy from neutral at UBS; Price Target: $58.50 from $52.60

Monash IVF Group (MVF)

• Downgraded to neutral from outperform at Macquarie; Price Target: $0.94

Newmont Corporation (NEM)

• Upgraded to outperform from neutral at Macquarie; Price Target: $175.00 from $153.00

Nuix (NXL)

• Retained at buy at Moelis Australia; Price Target: $3.37

Ora Banda Mining (OBM)

• Upgraded to outperform from neutral at Macquarie; Price Target: $1.50 from $1.40

Orezone Gold Corporation (ORE)

• Retained at buy at Canaccord Genuity; Price Target: $3.25

PLS Group (PLS)

• Upgraded to neutral from sell at UBS; Price Target: $4.00 from $2.40

Premier Investments (PMV)

• Retained at sector perform at RBC Capital Markets; Price Target: $19.80

Pantoro Gold (PNR)

• Retained at speculative buy at Canaccord Genuity; Price Target: $7.30

Perenti (PRN)

• Downgraded to hold from buy at Argonaut Securities; Price Target: $3.00

Rio Tinto (RIO)

• Retained at accumulate at Ord Minnett; Price Target: $140.00 from $136.00

• Retained at neutral at UBS; Price Target: $138.00 from $130.00

Resolute Mining (RSG)

• Upgraded to outperform from neutral at Macquarie; Price Target: $1.35 from $1.25

South32 (S32)

• Upgraded to outperform from neutral at Macquarie; Price Target: $3.70 from $3.20

Sims (SGM)

• Upgraded to buy from underperform at Bank of America; Price Target: $19.56 from $13.95

Santos (STO)

• Retained at outperform at Macquarie; Price Target: $8.00

Step One Clothing (STP)

• Downgraded to hold from buy at Bell Potter; Price Target: $0.30 from $0.85

• Downgraded to hold from speculative buy at Morgans; Price Target: $0.30 from $0.95

Tabcorp Holdings (TAH)

• Upgraded to neutral from underweight at JPMorgan; Price Target: $0.90 from $0.70

West African Resources (WAF)

• Upgraded to neutral from underperform at Macquarie; Price Target: $3.20 from $3.00

Woodside Energy Group (WDS)

• Retained at neutral at Macquarie; Price Target: $25.00

Whitehaven Coal (WHC)

• Upgraded to outperform from neutral at Macquarie; Price Target: $8.00 from $7.00

Woolworths Group (WOW)

• Retained at neutral at Macquarie; Price Target: $29.60

• Retained at neutral at UBS; Price Target: $29.00

Wisetech Global (WTC)

• Upgraded to outperform from unknown at Macquarie; Price Target: $108.50

Scans