Evening Wrap: ASX 200 closes week at record as rare earths stocks rally, LYC +10%, Coles dumps 7% on earnings

The S&P/ASX 200 closed 23.3 points higher, up 0.25%.

The ASX 200 finished modestly higher in a mixed session as investors digested the final wave of reporting season. Big gains and losses were again on tap, with winners and losers driven more by earnings reactions than broader macro themes.

Telecommunications (XTJ) (+1.3%) led the market as beaten-down online classifieds rebounded from recent AI-driven selling — REA Group (REA) (+4.1%) and CAR Group (CAR) (+4.6%) were standout performers. Resources (XJR) (+1.1%) also gained as continued strength in bulk commodities and rare earths supported the sector. BHP Group (BHP) (+1.1%) led the advance, closing at a record high.

Consumer Staples (XSJ) (-2.7%) lagged as earnings disappointment in supermarkets weighed on the sector, Coles (COL) (-6.5%) and Woolworths (WOW) (-1.0%) dragged. Information Technology (XIJ) (-0.3%) eased as the sector took a breather following a sharp two-day rebound, with Wisetech Global (WTC) (-3.0%) lower, but it wasn't all bad news as Technology One (TNE) added +4.6%.

In stock specific news:

• Block (XYZ) (+27.8%) — surged after strong earnings and aggressive cost-cutting via AI-driven efficiencies.

• Bapcor (BAP) (-49.3%) — slumped following a heavily discounted capital raising and earnings downgrades.

• Harvey Norman (HVN) (-9.0%) — fell after results missed expectations despite solid profit growth.

• PEXA Group (PXA) (+4.7%) — gained after a strong earnings beat and margin expansion.

• Humm Group (HUM) (+5.3%) — rose on takeover developments and governance changes.

• Coles Group (COL) (-7.4%) — dropped on weaker-than-expected sales growth and heightened competition concerns.

In commodities, gold and silver were modestly higher in Asian trade, with gold up 0.2% to US$5,205/oz and silver rising 3.7% to US$90.81/oz. Capricorn Metals (CMM) added 5.1% and Perseus Mining (PRU) gained +3.3%.

Lithium prices edged lower in China, with lithium carbonate futures down 0.6%, weighing on Liontown (LTR) (-6.1%) and IGO (IGO) (-3.5%). On the other hand, rare earths stocks rallied strongly, with Lynas Rare Earths (LYC) (+9.3%) and Iluka Resources (ILU) (+9.1%) leading the pack.

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.

Also, I have detailed technical analysis on the Nasdaq Composite and the S&P/ASX 200 in today's ChartWatch.

Let's dive in!

Markets

ASX 200 Session Chart

The S&P/ASX 200 (XJO) finished 23.3 points higher at 9,198.6, 0.44% from its session low and smack-bang on its high. In the broader-based S&P/ASX 300 (XKO) advancers beat decliners by a convincing 162 to 112.

For the week, the XJO finished up 177.93 points or 1.96% higher, (similarly) smack-bang at its intraweek high and 1.97% from its intraweek low.

Fund flows: Something’s rotten in the state of Denmark!

Shenanigans.

At the circus.

= Circus shenanigans! 🤡

That was this reporting season. Today capped one-helluva month of hits and misses — and quite frankly — the wildest individual-and-even sector-based moves I’ve seen in a very, very long time.

That is, short of periods when markets don’t know how much of the human race will be around this time next year — à la 2020 / COVID — or whether there’ll be a financial system this time next year — à la 2008 / GFC.

I’m not kidding. Each day, when I collate the Interesting Moves lists below… Gainers and Fallers… There’ll be 20 stocks with plus or minus 10% moves. It’s just not normal — not even for reporting season.

I’ve shared with you my views on this: Algorithms (dare I even say AI-based algo’s) are wreaking havoc with global fund flows. All or nothing… and then back again… sometimes in hours or days.

But that’s the shorter term algo’s. I still believe there’s plenty of capital trading higher order trends, and therefore, are perpetuating the types of moves — measured in weeks and months and sometimes, years — that we’re targeting.

If you, like me, think that something’s rotten in the state of Denmark, and if you have an AFR subscription, this article is definitely worth a read: ‘Enshittification’ of ASX is no joke. Something vital may be breaking

Whatever your view on what’s driving this influx of volatility is, one thing is for sure: you better have a robust set of tools and processes to help you navigate the maelstrom.

The time for the old BHP Technique (i.e., Buy, Hold, Hope & Pray 🙏) is passed. 🪦

Just consider the fact that we can make a new high without probably half the benchmark index going up! Diversification is risk management? 🤔

Not over the last 6 months — it’s been a recipe for disaster!

Anyways, it wasn’t my plan to pose such existential questions on a Friday evening, merely to say: Bloody hell I’m glad another reporting season is over! 😉

Today's best blue chip gainers

Today's worst blue chip losers

ChartWatch

Nasdaq Composite Index

Analysis

“In the nature of bull markets”, huh!? 🤦

How about “nothing goes up in a straight line”!? 😁

Thursday’s candle comes with the territory — trend following, not prognostication.

But, while it’s not the template of demand-side control we were hoping for, it isn’t a total supply-side washout, either.

That downward pointing shadow, roughly half the candle’s length, suggests we’re still in modest buy the dip mode.

The long term uptrend ribbon’s influence seems intact!

As a result, I don’t think a whole lot has changed because of Thursday’s candle. Apart from that giant dark green caterpillar crawling bottom-left-top-right up the Comp’s chart (i.e., the long term uptrend ribbon! 🐛) the short term trend, price action, and candles since the October high all suggest equilibrium.

This means we shouldn’t be surprised by Thursday’s pullback — nor by the choppy price action that preceded it.

This is also the nature of the beast — the Equilibrium Beast! ⚖️

There’s an old saying among old trend followers: “In choppy markets, trend followers get chopped up!” 🪓

This is exactly why I created the Portfolio Management Model. It’s designed to slash the amount of capital I have to play with for a particular market when its benchmark index isn’t in a strong uptrend.

It ensures that I live to fight another day, or more specifically: to ride the next fantastic trend!

Talking about old trend followers, and staying out of choppy markets, here’s your weekend viewing sorted: LEGENDARY trend follower Ed Seykota with his musical take on how to trade in choppy markets. Enjoy!

The Whipsaw Song, Ed Seykota

View

Yessiree Bob! 1/2RP still feels right with respect to my US portfolio risk limit (RP = Risk Position — it reflects my personal allowable capital allocation limit for my investments in US stocks. So 1/2RP is 50%, 2/3RP is 67% and FRP is 100% 🪣).

Key levels

22256 is the critical point of demand — a close below 22256 implies the supply-side is in control of the Comp's short term price, and that the long term uptrend is likely under significant pressure = ⚠️. 23321 is the nearest critical static point supply, and 23722-24020 is not far beyond that.

S&P/ASX 200 (XJO)

Analysis

Yeah, decent again from the Golden Le Creuset, wasn’t it!?

It’s in beast mode at the moment. There’s capital — probably some VERY RELUCTANT capital — that’s being forced to enter from the sidelines.

This is the capital of the NON-BELIEVERS who made the decision to be TACTICALLY UNDERWEIGHT the benchmark.

Blah blah it’s overvalued… blah blah it’s unsustainable… blah blah it’s doomed to end in tears…

And while they’re probably getting belted on their portfolios — because let’s face it — so many of the benchmark’s “value” and “growth” stocks have been trashed… they’re copping it double because the benchmark GLC is nudging new highs!

Ahhhh, to be a fundamental analysis-based fund manager… I wouldn’t wish it on my worst enemy!

Heck, all they needed to do was own 6 stocks (4 banks and 2 resources) — and they would have been A-OK!!! 😉

Anyways, let’s stop chuckling at fund managers’ expense and do some technical analysis. 💪💪💪

Today we had a decidedly negative lead from the US — and yet we never even looked like dipping today. The GLC’s price is being supported by nagging latent demand in the system, and can I suggest — a vacuum of motivated supply.

Today’s white candle — barely dipping back into yesterday’s range and closing smack-bank at its high — tells us this.

The tide has shifted from distribution below 9110-9116 to accumulation above it. We discussed in yesterday's update why this tends to be the case from a technical analysis perspective.

Let’s do our standard process to close out the week: Analyse, Accept, Act.

Step 1: Analyse

• ST / LT Trend = ⬆️/ ⬆️ = ✅✅

• Price action = 📈 = ✅

• Candles = ⬜ = ✅

• Volume = Above average on push to new highs = ⬆️ interest + supply removal = ✅

Step 2: Accept

• ✅✅✅✅✅ = D > S = P ⬆️ MOTN (More Often Than Not)

Step 3: Act

• Based on the MOTN scenario, what’s our view on RP (portfolio Risk Position)? FRP = Fully invested.

View

I am FRP 🪣 (i.e., my personal allowable capital allocation limit for my investments in Australian stocks is 100%).

Key levels

9110-9116 is the closest zone of demand, but far more important, is the dynamic demand we'd typically associate with the short term trend ribbon (presently 8943-9002). A close below 8987 would neutralise the present short term uptrend.

Economy

Today

• 11:30 AUS Private Sector Credit

  • Result: +0.5% m/m actual vs +0.7% m/m forecast vs +0.8% m/m in January

Later this week

Saturday

• 12:30 USA January Core Producer Price Index (PPI) (+0.3% m/m forecast vs +0.7% m/m previous)

Latest News

Interesting Movers

Trading higher

• +27.8% Block (XYZ) – Form 8-K - Earnings (FY25).

• +17.1% Dateline Resources (DTR) – Dateline Acquires U.S. High-Grade Heavy Rare Earths Project, rise is consistent with prevailing short and long term uptrends, a recent regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +16.7% EQ Resources (EQR) – No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +11.6% Larvotto Resources (LRV) – No news, rise is consistent with prevailing short and long term uptrends 🔎📈

• +10.1% Lynas Rare Earths (LYC) – Continued positive response to 26-Feb Lynas Rare Earths FY26 Half Year Presentation, general strength across the broader Rare Earths & Critical Minerals sector today, rise is consistent with prevailing short and long term uptrends, a recent regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +9.0% Iluka Resources (ILU) – No news, general strength across the broader Rare Earths & Critical Minerals sector today.

• +8.3% Arafura Rare Earths (ARU) – No news, general strength across the broader Rare Earths & Critical Minerals sector today.

• +7.8% Forrestania Resources (FRS) – No news, general strength across the broader Precious Metals sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +7.5% 4DMEDICAL (4DX) – Appendix 4D and FY26 Half Year Report, rise is consistent with prevailing short and long term uptrends 🔎📈

• +7.0% Aurum Resources (AUE) – No news, general strength across the broader Precious Metals sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +6.2% Boab Metals (BML) – Corporate Presentation, general strength across the broader Precious Metals sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +5.5% Wagners Holding Company (WGN) – Continued positive response to 24-Feb H1 FY26 Results Investor Presentation, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +5.2% Electro Optic Systems Holdings (EOS) – No news, rise is consistent with prevailing short and long term uptrends 🔎📈

• +4.9% Elsight (ELS) – Continued positive response to 25-Feb Appendix 4E and Annual Report, rise is consistent with prevailing short and long term uptrends, added to ChartWatch ASX Scans Uptrends list yesterday 🔎📈

Trading lower

• -30.0% (BAP) – Reinstatement to Quotation and Completion of Institutional Component of Equity Raising, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -9.0% Harvey Norman Holdings (HVN) – Presentation of Results 1H26, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down, a recent regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -7.4% Mesoblast (MSB) – Corporate Presentation and Half Year Financial Results and Ryoncil Profits Underpinning Substantial Growth Pipeline, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down 🔎📉

• -7.3% Coles Group (COL) – 2026 Half Year Results Presentation.

• -6.3% Vulcan Energy Resources (VUL) – No news, general weakness across the broader Lithium sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -6.1% Liontown (LTR) – Continued negative response to 26-Feb Ceasing to be a substantial holder, general weakness across the broader Lithium sector today.

• -5.7% IDP Education (IEL) – No news since 26-Feb H1 FY 26 Investor Presentation, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

Broker Moves

29Metals (29M)

• Initiated at outperform at Macquarie; Price Target: $0.50

ARN Media (A1N)

• Retained at underweight at Morgan Stanley; Price Target: $0.35 from $0.40

Aussie Broadband (ABB)

• Retained at overweight at Morgan Stanley; Price Target: $6.30 from $6.00

Acusensus (ACE)

• Retained at speculative buy at Morgans; Price Target: $2.30

Alcidion Group (ALC)

• Retained at buy at Bell Potter; Price Target: $0.16 from $0.17

Atlas Arteria (ALX)

• Retained at neutral at E&P; Price Target: $4.96 from $5.17

• Retained at buy at Jefferies; Price Target: $5.56 from $5.58

• Retained at outperform at Macquarie; Price Target: $5.43 from $5.55

• Downgraded to trim from neutral at Morgans; Price Target: $4.31 from $4.58

• Retained at neutral at UBS; Price Target: $5.15

Aurelia Metals (AMI)

• Retained at buy at Ord Minnett; Price Target: $0.50

Autosports Group (ASG)

• Retained at buy at UBS; Price Target: $4.90

Atturra (ATA)

• Upgraded to buy from accumulate at Morgans; Price Target: $0.80

• Retained at buy at Shaw and Partners; Price Target: $1.15

Beforepay Group (B4P)

• Retained at buy at Shaw and Partners; Price Target: $3.00

Bapcor (BAP)

• Downgraded to sell from neutral at Citi; Price Target: $1.25 from $2.28

• Downgraded to underperform from hold at CLSA; Price Target: $0.60 from $1.85

• Downgraded to hold from buy at Jefferies; Price Target: $1.05 from $2.50

• Retained at hold at Ord Minnett; Price Target: $0.75 from $2.30

BETR Entertainment (BBT)

• Retained at buy at Ord Minnett; Price Target: $0.38

Boss Energy (BOE)

• Retained at speculative buy at Canaccord Genuity; Price Target: $2.80

• Retained at sell at Ord Minnett; Price Target: $1.50

• Retained at buy at Shaw and Partners; Price Target: $3.15

Bhagwan Marine (BWN)

• Retained at buy at Shaw and Partners; Price Target: $0.90

Credit Clear (CCR)

• Retained at buy at Shaw and Partners; Price Target: $0.40

Camplify Holdings (CHL)

• Retained at buy at Ord Minnett; Price Target: $0.67 from $0.71

Capricorn Metals (CMM)

• Retained at buy at Bell Potter; Price Target: $16.10 from $14.30

• Retained at outperform at Macquarie; Price Target: $16.20

Centuria Capital Group (CNI)

• Upgraded to buy from hold at Moelis Australia; Price Target: $2.23 from $2.45

COG Financial Services (COG)

• Retained at buy at Morgans; Price Target: $2.09 from $2.57

• Upgraded to buy from hold at Ord Minnett; Price Target: $1.90 from $2.40

• Retained at buy at Shaw and Partners; Price Target: $2.45

Coles Group (COL)

• Retained at outperform at Macquarie; Price Target: $24.50

• Retained at buy at UBS; Price Target: $25.00

Clinuvel Pharmaceuticals (CUV)

• Retained at buy at Bell Potter; Price Target: $19.00

• Retained at speculative buy at Morgans; Price Target: $13.00 from $14.00

Cleanaway Waste Management (CWY)

• Retained at outperform at CLSA; Price Target: $3.30 from $3.15

• Upgraded to buy from overweight at Jarden; Price Target: $3.10 from $3.00

• Retained at overweight at JPMorgan; Price Target: $2.90

• Retained at outperform at Macquarie; Price Target: $3.40

• Retained at buy at Morgans; Price Target: $3.11

• Retained at accumulate at Ord Minnett; Price Target: $2.80 from $3.00

• Retained at outperform at RBC Capital Markets; Price Target: $3.50 from $3.40

• Retained at buy at UBS; Price Target: $3.15

Catalyst Metals (CYL)

• Retained at buy at Canaccord Genuity; Price Target: $13.35

Dicker Data (DDR)

• Retained at neutral at Macquarie; Price Target: $10.35

• Retained at overweight at Morgan Stanley; Price Target: $10.30

• Retained at buy at UBS; Price Target: $11.30 from $10.20

Domino's Pizza Enterprises (DMP)

• Retained at sell at Citi; Price Target: $17.45 from $19.85

• Downgraded to sell from neutral at Goldman Sachs; Price Target: $19.00 from $19.90

• Retained at buy at Ord Minnett; Price Target: $23.00 from $24.00

Doctor Care Anywhere Group PLC (DOC)

• Retained at hold at Bell Potter; Price Target: $0.20 from $0.17

DroneShield (DRO)

• Retained at buy at Bell Potter; Price Target: $4.80 from $5.00

DUG Technology (DUG)

• Retained at buy at Ord Minnett; Price Target: $2.93 from $2.82

Duratec (DUR)

• Retained at buy at Shaw and Partners; Price Target: $2.40 from $2.10

Elders (ELD)

• Retained at buy at Bell Potter; Price Target: $9.00 from $9.45

Elsight (ELS)

• Retained at buy at Bell Potter; Price Target: $5.80 from $5.50

FINEOS Corporation Holdings PLC (FCL)

• Retained at outperform at Macquarie; Price Target: $3.50 from $3.48

Forrestania Resources (FRS)

• Initiated at speculative buy at Bell Potter; Price Target: $1.25

Gemlife Communities Group (GLF)

• Retained at buy at Bell Potter; Price Target: $6.15 from $5.55

Helloworld Travel (HLO)

• Retained at buy at Morgans; Price Target: $2.58 from $2.50

HMC Capital (HMC)

• Retained at buy at Morgans; Price Target: $4.45 from $4.85

Harvey Norman Holdings (HVN)

• Retained at buy at Citi; Price Target: $7.90

• Retained at outperform at Macquarie; Price Target: $7.60

IDP Education (IEL)

• Retained at positive at E&P; Price Target: $11.50

• Retained at overweight at Jarden; Price Target: $6.00 from $6.40

• Retained at buy at Jefferies; Price Target: $7.80 from $7.90

• Retained at overweight at JPMorgan; Price Target: $7.00

• Retained at neutral at Macquarie; Price Target: $5.45 from $6.00

• Retained at equal-weight at Morgan Stanley; Price Target: $4.85

• Retained at buy at UBS; Price Target: $8.05 from $7.80

ImpediMed (IPD)

• Retained at buy at Bell Potter; Price Target: $0.03 from $0.04

• Retained at speculative buy at Morgans; Price Target: $0.05 from $0.10

IRESS (IRE)

• Retained at buy at Ord Minnett; Price Target: $11.60 from $11.00

Karoon Energy (KAR)

• Retained at neutral at E&P; Price Target: $1.80

• Retained at buy at Goldman Sachs; Price Target: $2.06 from $2.07

• Downgraded to neutral from overweight at Jarden; Price Target: $1.57 from $1.75

• Retained at hold at Morgans; Price Target: $1.65 from $1.70

Light & Wonder Inc. (LNW)

• Retained at buy at Bell Potter; Price Target: $220.00 from $230.00

• Retained at outperform at Macquarie; Price Target: $220.00 from $230.00

Lynas Rare Earths (LYC)

• Retained at sell at Argonaut Securities; Price Target: $11.00 from $9.30

• Retained at sell at Bell Potter; Price Target: $11.60 from $11.15

• Retained at outperform at Macquarie; Price Target: $18.50 from $17.50

• Retained at sell at Ord Minnett; Price Target: $14.00 from $11.00

Microba Life Sciences (MAP)

• Retained at speculative buy at Morgans; Price Target: $0.29

Medallion Metals (MM8)

• Retained at speculative buy at Morgans; Price Target: $0.87 from $0.61

Motorcycle Holdings (MTO)

• Retained at buy at Morgans; Price Target: $4.77 from $4.50

Monash IVF Group (MVF)

• Retained at hold at Bell Potter; Price Target: $0.75 from $0.77

• Retained at speculative buy at Morgans; Price Target: $0.87 from $0.90

• Retained at buy at Ord Minnett; Price Target: $0.90 from $0.95

Nickel Industries (NIC)

• Retained at buy at Bell Potter; Price Target: $1.45 from $1.30

Neurizon Therapeutics (NUZ)

• Retained at speculative buy at Morgans; Price Target: $0.28

NEXTDC (NXT)

• Retained at overweight at JPMorgan; Price Target: $18.00 from $19.50

• Retained at buy at Morgans; Price Target: $20.50 from $19.00

• Retained at outperform at RBC Capital Markets; Price Target: $22.00 from $20.00

• Retained at buy at UBS; Price Target: $22.55

Objective Corporation (OCL)

• Retained at buy at Shaw and Partners; Price Target: $22.10 from $23.90

Perpetual (PPT)

• Retained at outperform at Macquarie; Price Target: $23.85 from $22.25

• Retained at equal-weight at Morgan Stanley; Price Target: $19.70

• Retained at neutral at UBS; Price Target: $20.35 from $20.60

PEXA Group (PXA)

• Retained at buy at UBS; Price Target: $17.00

Qantas Airways (QAN)

• Retained at buy at Citi; Price Target: $12.10 from $12.45

• Retained at positive at E&P; Price Target: $12.02 from $12.26

• Retained at buy at Jarden; Price Target: $12.70

• Retained at buy at Jefferies; Price Target: $13.43 from $13.27

• Retained at outperform at Macquarie; Price Target: $12.00 from $12.20

• Retained at overweight at Morgan Stanley; Price Target: $12.50 from $12.60

• Retained at buy at Ord Minnett; Price Target: $12.80 from $13.00

• Retained at buy at UBS; Price Target: $11.60 from $11.50

Qoria (QOR)

• Retained at buy at Bell Potter; Price Target: $0.60 from $0.75

• Retained at buy at Ord Minnett; Price Target: $0.76

ReadyTech Holdings (RDY)

• Retained at buy at Ord Minnett; Price Target: $1.85

• Retained at buy at Shaw and Partners; Price Target: $4.20 from $4.50

Ramsay Health Care (RHC)

• Retained at neutral at Citi; Price Target: $41.40 from $39.00

• Retained at neutral at Goldman Sachs; Price Target: $40.30 from $39.00

• Retained at overweight at Jarden; Price Target: $45.20 from $40.60

• Retained at underweight at Morgan Stanley; Price Target: $35.70 from $34.20

• Retained at hold at Morgans; Price Target: $40.77 from $35.22

• Retained at sector perform at RBC Capital Markets; Price Target: $45.00 from $36.00

• Retained at neutral at UBS; Price Target: $35.90

Ridley Corporation (RIC)

• Retained at buy at UBS; Price Target: $3.20 from $3.50

RMA Global (RMY)

• Retained at speculative buy at Bell Potter; Price Target: $0.13 from $0.10

Sigma Healthcare (SIG)

• Retained at hold at Bell Potter; Price Target: $3.00

• Upgraded to buy from overweight at Jarden; Price Target: $3.60

• Retained at hold at Jefferies; Price Target: $3.05 from $2.90

• Retained at overweight at JPMorgan; Price Target: $3.40

• Retained at overweight at Morgan Stanley; Price Target: $3.20 from $3.30

• Downgraded to accumulate from buy at Morgans; Price Target: $3.36 from $3.39

• Retained at accumulate at Ord Minnett; Price Target: $3.40

• Retained at buy at UBS; Price Target: $3.35 from $3.40

Smartgroup Corporation (SIQ)

• Retained at buy at Ord Minnett; Price Target: $11.10 from $10.30

Saluda Medical, Inc. (SLD)

• Retained at speculative buy at Bell Potter; Price Target: $2.70

• Retained at speculative buy at Morgans; Price Target: $3.07

SenSen Networks (SNS)

• Retained at buy at Bell Potter; Price Target: $0.12

Sunstone Metals (STM)

• Retained at buy at Shaw and Partners; Price Target: $2.10

Strike Energy (STX)

• Retained at speculative buy at Bell Potter; Price Target: $0.15

Super Retail Group (SUL)

• Retained at buy at Citi; Price Target: $19.00 from $18.70

• Upgraded to outperform from neutral at Macquarie; Price Target: $17.85 from $15.70

• Retained at neutral at UBS; Price Target: $15.25 from $15.50

Southern Cross Media Group (SXL)

• Retained at neutral at UBS; Price Target: $0.70 from $0.75

Telix Pharmaceuticals (TLX)

• Retained at buy at UBS; Price Target: $20.00

TPG Telecom (TPG)

• Retained at neutral at UBS; Price Target: $3.80

Trajan Group Holdings (TRJ)

• Retained at buy at Bell Potter; Price Target: $1.05 from $1.25

• Retained at buy at Ord Minnett; Price Target: $1.10

Vault Minerals (VAU)

• Retained at neutral at Jarden; Price Target: $3.70

• Retained at buy at Moelis Australia; Price Target: $7.60

• Retained at buy at Ord Minnett; Price Target: $7.40

• Retained at outperform at RBC Capital Markets; Price Target: $6.80 from $6.70

Veem (VEE)

• Retained at speculative buy at Morgans; Price Target: $0.80 from $1.10

Virgin Australia Holdings (VGN)

• Retained at neutral at Citi; Price Target: $3.80

Worley (WOR)

• Retained at buy at Citi; Price Target: $17.00

• Downgraded to hold from buy at Jefferies; Price Target: $12.37 from $14.93

• Downgraded to hold from buy at Morgans; Price Target: $12.20 from $16.40

• Downgraded to sector perform from outperform at RBC Capital Markets; Price Target: $13.00 from $18.00

• Retained at buy at UBS; Price Target: $19.00 from $21.00

Waypoint REIT (WPR)

• Downgraded to hold from outperform at CLSA; Price Target: $2.49 from $2.84

Wisetech Global (WTC)

• Retained at buy at Bell Potter; Price Target: $83.75 from $87.50

• Retained at buy at Citi; Price Target: $65.35

• Retained at overweight at Morgan Stanley; Price Target: $100.00 from $130.00

• Retained at buy at Morgans; Price Target: $83.60 from $112.50

• Retained at buy at Ord Minnett; Price Target: $88.00 from $123.00

Scans