Is Mineral Resources in trouble?
Thu 29 Aug 24, 1:30pm (AEST)
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/Evening Wrap: ASX 200 slides on weak energy, resources, and consumer stocks, as strong banks limit damage
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Market Wraps
/Evening Wrap: ASX 200 slides on weak energy, resources, and consumer stocks, as strong banks limit damage
Market Wraps
Evening Wrap: ASX 200 slides on weak energy, resources, and consumer stocks, as strong banks limit damage
Thu 29 Aug 24, 6:11pm (AEDT)
Stocks in article
The S&P/ASX 200 closed 26.3 points lower, down 0.33%.
One day to go of earnings season, and if today's deluge of misses (and stocks that got smashed on those misses) is anything to go by: Good riddance!
I for one will need a little lie down over this weekend to recover.
For now, once more unto the breach we go with all the details of the biggest movers, broker upgrades/downgrades and price target changes, and the key economic data that will shape major market moves into next week.
Let's dive in!
Today in Review
Thu 29 Aug 24, 5:18pm (AEST)
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Markets
ASX 200 Session Chart
The S&P/ASX 200 (XJO) finished 26.3 points lower at 8,045.1, smack-bang at the mid-point of the session's range. In the broader-based S&P/ASX 300 (XKO), advancers lagged decliners by 109 to 160.
Financials (XFJ) (+0.32%), Industrials (XNJ) (+0.28%), and Information Technology (XIJ) (+0.07%) were the only three of the eleven major ASX sectors that rose today – and even then – not by much.
Nothing really shot the lights out in any of these sectors, but clearly gains of up to 1% in each of the Big 4 banks, plus in Macquarie (MQG) and Suncorp (SUN), contributed nicely to the XFJ’s gain. Similar notches higher in each of Aurizon (AZJ)/Brambles (BXB) and Wisetech (WTC)/Xero (XRO) did it for the XNJ and XIJ respectively.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Platinum Asset Management (PTM) | $1.035 | +$0.055 | +5.6% | -3.3% | -31.5% |
Pepper Money (PPM) | $1.395 | +$0.04 | +3.0% | -3.5% | +4.1% |
Generation Development Group (GDG) | $2.70 | +$0.06 | +2.3% | +3.1% | +116.7% |
Aurizon (AZJ) | $3.38 | +$0.06 | +1.8% | -9.1% | -6.1% |
Codan (CDA) | $15.24 | +$0.25 | +1.7% | +16.2% | +111.7% |
SRG Global (SRG) | $1.045 | +$0.015 | +1.5% | +13.6% | +52.6% |
Johns Lyng Group (JLG) | $3.86 | +$0.05 | +1.3% | -35.2% | -30.5% |
Brambles (BXB) | $17.84 | +$0.22 | +1.2% | +14.7% | +25.6% |
Computershare (CPU) | $28.30 | +$0.34 | +1.2% | +2.4% | +14.3% |
MA Financial Group (MAF) | $5.18 | +$0.06 | +1.2% | +15.1% | +13.8% |
Xero (XRO) | $143.19 | +$1.49 | +1.1% | +3.6% | +19.7% |
Westpac Banking Corporation (WBC) | $31.08 | +$0.25 | +0.8% | +4.3% | +46.2% |
Qantas Airways (QAN) | $6.37 | +$0.05 | +0.8% | -1.4% | +4.1% |
Wisetech Global (WTC) | $118.68 | +$0.89 | +0.8% | +24.8% | +68.5% |
Suncorp Group (SUN) | $17.47 | +$0.12 | +0.7% | -1.9% | +33.5% |
Macquarie Group (MQG) | $214.63 | +$1.47 | +0.7% | +2.3% | +24.4% |
National Australia Bank (NAB) | $37.94 | +$0.24 | +0.6% | -1.7% | +34.3% |
ANZ Group (ANZ) | $30.04 | +$0.12 | +0.4% | +3.4% | +22.2% |
Commonwealth Bank of Australia (CBA) | $138.80 | +$0.23 | +0.2% | +1.0% | +37.7% |
The strongest stocks from the strongest sectors
Doing it tough today was the (broken record here) Energy (XEJ) (-2.2%) sector, as several key uranium stocks were smashed on earnings updates, while other more traditional oil and natural gas stocks continued to be sold off on/after their recent results. Some particularly ugly falls in the table below…but there are plenty of ChartWatch Scans Feature Downtrends in there...so to be forewarned is to be forearmed!
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Bannerman Energy (BMN) | $2.18 | -$0.22 | -9.2% | -28.3% | +5.3% |
Boss Energy (BOE) | $2.78 | -$0.25 | -8.3% | -23.8% | -16.3% |
Karoon Energy (KAR) | $1.575 | -$0.125 | -7.4% | -15.6% | -29.6% |
Peninsula Energy (PEN) | $0.083 | -$0.005 | -5.7% | -21.0% | -29.0% |
Deep Yellow (DYL) | $1.070 | -$0.06 | -5.3% | -17.1% | +18.2% |
Nexgen Energy (NXG) | $8.84 | -$0.49 | -5.3% | -13.3% | +8.1% |
Beach Energy (BPT) | $1.225 | -$0.05 | -3.9% | -17.8% | -19.9% |
Paladin Energy (PDN) | $9.75 | -$0.38 | -3.8% | -14.5% | +16.1% |
Santos (STO) | $7.16 | -$0.2 | -2.7% | -10.4% | -6.2% |
New Hope Corporation (NHC) | $4.45 | -$0.12 | -2.6% | -8.6% | -19.7% |
Cooper Energy (COE) | $0.200 | -$0.005 | -2.4% | -13.0% | +66.7% |
Whitehaven Coal (WHC) | $6.61 | -$0.16 | -2.4% | -14.4% | +1.7% |
Viva Energy Group (VEA) | $2.89 | -$0.05 | -1.7% | -11.4% | -8.0% |
Coronado Global Resources (CRN) | $1.170 | -$0.02 | -1.7% | -18.8% | -25.9% |
Woodside Energy Group (WDS) | $26.64 | -$0.45 | -1.7% | -3.5%
| -29.9% |
Another tough day for ASX energy stocks...
Also bringing up a very big rear today, consumer stocks. Earnings were again to blame here with nine of the top ten losers in the sector bombing on some sort of earnings update within the last 24-48 hours.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Cettire (CTT) | $1.060 | -$0.27 | -20.3% | -20.0% | -59.5% |
Step One Clothing (STP) | $1.750 | -$0.115 | -6.2% | +8.7% | +236.5% |
Webjet (WEB) | $7.80 | -$0.46 | -5.6% | -12.5% | +5.1% |
Adairs (ADH) | $1.825 | -$0.105 | -5.4% | -16.7% | +35.2% |
Tabcorp (TAH) | $0.455 | -$0.025 | -5.2% | -29.5% | -57.1% |
Wesfarmers (WES) | $74.06 | -$3.14 | -4.1% | +0.6% | +42.2% |
Helloworld Travel (HLO) | $1.905 | -$0.055 | -2.8% | -20.6% | -40.1% |
Lovisa (LOV) | $31.00 | -$0.81 | -2.5% | -11.3% | +43.7% |
Woolworths Group (WOW) | $35.73 | -$0.89 | -2.4% | +3.6% | -5.6% |
The Star Entertainment Group (SGR) | $0.450 | -$0.01 | -2.2% | -22.4% | -50.1% |
Consumer stocks bombed on results...
It was a bit of a ditto in the Resources (XJR) (-1.1%) sector, which was dragged down by earnings misses in Mineral Resources (MIN) (-8.1%), Sandfire Resources (SFR) (-3.1%), and Pilbara Minerals (PLS) (-3%).
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Red 5 (RED) | $0.320 | -$0.045 | -12.3% | -17.9% | +52.4% |
Syrah Resources (SYR) | $0.245 | -$0.025 | -9.3% | -5.8% | -57.7% |
Mineral Resources (MIN) | $40.61 | -$3.57 | -8.1% | -25.2% | -36.9% |
Wildcat Resources (WC8) | $0.285 | -$0.02 | -6.6% | +11.8% | -1.7% |
Lotus Resources (LOT) | $0.220 | -$0.015 | -6.4% | -15.4% | -6.4% |
Liontown Resources (LTR) | $0.725 | -$0.045 | -5.8% | -23.7% | -73.2% |
Chalice Mining (CHN) | $1.060 | -$0.055 | -4.9% | -7.4% | -79.0% |
Bellevue Gold (BGL) | $1.275 | -$0.06 | -4.5% | -6.9% | -16.4% |
Sandfire Resources (SFR) | $8.55 | -$0.27 | -3.1% | -1.7% | +36.6% |
Pilbara Minerals (PLS) | $2.91 | -$0.09 | -3.0% | -0.7% | -35.5% |
29METALS (29M) | $0.350 | -$0.01 | -2.8% | -12.5% | -52.1% |
And another tough day for resources stocks...
Economy
Today
There weren't any major data releases in our time zone today
Later this week
Thursday
22:30 USA Prelim GDP June Qtr y/y (+2.8% p.a. forecast vs +2.8% p.a. previous)
Friday
00:00 USA Pending Home Sales m/m (+0.2% forecast vs +4.8% previous)
09:30 JPN Tokyo Core CPI y/y (+2.2% p.a. forecast vs +2.2% p.a. previous)
11:30 AUS Retail Sales m/m (+0.3% forecast vs +0.5% previous)
19:00 EUR CPI Flash Estimate y/y (+2.2% p.a. forecast vs +2.6% p.a. previous)
22:30 USA Core PCE Price Index m/m (+0.2% m/m forecast vs +0.2% m/m previous)
Latest News
Interesting Movers
Trading higher
+15.2% Weebit Nano (WBT) - Appendix 4E and 2024 Annual Report
+10.9% Clinuvel Pharmaceuticals (CUV) - Appendix 4E and Annual Report to Shareholders 2024 & Investor Presentation
+9.4% Australian Clinical Labs (ACL) - Appendix 4E and FY24 financial statements & FY24 financial results investor presentation
+9.4% Bega Cheese (BGA) - 2024 Annual Report & 2024 Full Year Results Presentation
+7.1% Omni Bridgeway (OBL) - FY24 Appendix 4E and Annual Report & FY24 Full Year Results Investor Presentation
+6.2% Australian Ethical Investment (AEF) - AEF Appendix 4E and FY24 Full Year Report and Accounts & AEF FY24 Results Investor Presentation
+5.6% Platinum Asset Management (PTM) - 2024 Full -Year Financial Results & 2024 Full-Year Financial Results Analyst Presentation
Trading lower
-20.3% Cettire (CTT) - FY24 Appendix 4E and Preliminary Final Report & FY24 Results Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-12.9% Silex Systems (SLX) - Annual Report to Shareholders & Investor Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-12.3% Red 5 (RED) - Appendix 4E and FY24 Annual Financial Report & FY24 Financial Results and FY25 Outlook, recently started appearing in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short term downtrend, long term trend is transitioning from up to down 🔎📉
-11.9% Fenix Resources (FEX) - FY24 Annual Report & FY24 Full Year Results
-9.3% Syrah Resources (SYR) - No news, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-9.2% Bannerman Energy (BMN) - Investor Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-8.7% Kelsian Group (KLS) - No news since yesterday's KLS FY24 Results Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-8.3% Boss Energy (BOE) - Annual Report to shareholders, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-8.1% Mineral Resources (MIN) - FY24 Full Year Statutory Accounts and Appendix 4E and FY24 Full Year Financial Results Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
-7.4% Karoon Energy (KAR) - No news since yesterday's 2024 Half Year Results Presentation, a regular in ChartWatch Scans Downtrends Feature charts, fall is consistent with prevailing short and long term downtrends 🔎📉
Broker Notes
Adairs (ADH)
Upgraded to buy from hold at Canaccord Genuity; Price Target: $2.50 from $1.92
Retained at add at Morgans; Price Target: $2.20
Retained at hold at Ord Minnett; Price Target: $2.10 from $2.00
Retained at neutral at UBS; Price Target: $2.00 from $2.20
Ainsworth Game Technology (AGI)
Downgraded to hold from outperform at CLSA; Price Target: $0.93 from $1.09
ANZ Group (ANZ)
Retained at sell at Citi; Price Target: $25.00 from $24.50
APA Group (APA)
Retained at overweight at Jarden; Price Target: $8.45 from $8.70
Retained at hold at Jefferies; Price Target: $8.35 from $9.12
Retained at overweight at JP Morgan; Price Target: $9.15 from $9.25
Retained at outperform at Macquarie; Price Target: $8.47 from $9.40
Retained at equal-weight at Morgan Stanley; Price Target: $9.18
Retained at hold at Morgans; Price Target: $7.40 from $7.44
Retained at sector perform at RBC Capital Markets; Price Target: $8.00 from $8.50
Retained at neutral at UBS; Price Target: $8.05 from $8.70
Articore Group (ATG)
Retained at equal-weight at Morgan Stanley; Price Target: $0.40 from $0.55
Avjennings (AVJ)
Retained at buy at Bell Potter; Price Target: $0.45 from $0.40
Accent Group (AX1)
Retained at buy at Citi; Price Target: $2.57
Bega Cheese (BGA)
Retained at neutral at UBS; Price Target: $4.50
BHP Group (BHP)
Retained at neutral at UBS; Price Target: $42.00 from $43.00
Brickworks (BKW)
Retained at neutral at Macquarie; Price Target: $27.30
Bubs Australia (BUB)
Retained at hold at Bell Potter; Price Target: $0.15
Credit Clear (CCR)
Retained at buy at Shaw and Partners; Price Target: $0.44
City Chic Collective (CCX)
Upgraded to buy from neutral at Citi; Price Target: $0.25 from $0.16
Camplify (CHL)
Retained at add at Morgans; Price Target: $2.55
Retained at buy at Ord Minnett; Price Target: $2.02 from $2.39
COG Financial Services (COG)
Retained at buy at Ord Minnett; Price Target: $1.63 from $1.61
Coles Group (COL)
Retained at hold at Ord Minnett; Price Target: $19.00 from $18.00
Calix (CXL)
Retained at buy at Shaw and Partners; Price Target: $3.00 from $4.50
Dropsuite (DSE)
Retained at buy at Ord Minnett; Price Target: $3.78 from $3.84
Duratec (DUR)
Retained at buy at Bell Potter; Price Target: $1.52
Retained at accumulate at Ord Minnett; Price Target: $1.43 from $1.30
Retained at buy at Shaw and Partners; Price Target: $1.50
EVT (EVT)
Retained at neutral at Citi; Price Target: $11.32 from $11.50
Flight Centre Travel Group (FLT)
Retained at buy at Citi; Price Target: $24.35 from $24.15
Upgraded to neutral from sell at Goldman Sachs; Price Target: $20.30 from $19.50
Retained at hold at Jefferies; Price Target: $20.00 from $19.50
Retained at neutral at JP Morgan; Price Target: $22.80 from $22.50
Retained at outperform at Macquarie; Price Target: $25.06 from $25.26
Retained at add at Morgans; Price Target: $25.35 from $26.48
Retained at buy at Ord Minnett; Price Target: $26.79 from $25.91
Retained at sector perform at RBC Capital Markets; Price Target: $22.00
Retained at buy at UBS; Price Target: $26.80 from $27.80
Fortescue (FMG)
Upgraded to hold from sell at Bell Potter; Price Target: $17.58 from $17.41
Retained at neutral at Citi; Price Target: $19.40
Retained at underweight at Jarden; Price Target: $15.84 from $17.52
Retained at hold at Jefferies; Price Target: $18.00 from $19.00
Retained at underperform at Macquarie; Price Target: $14.25
Retained at underweight at Morgan Stanley; Price Target: $16.65 from $18.10
Upgraded to accumulate from hold at Ord Minnett; Price Target: $20.00
Upgraded to sector perform from underperform at RBC Capital Markets; Price Target: $20.00
Retained at sell at UBS; Price Target: $17.30 from $17.70
Genesis Minerals (GMD)
Retained at neutral at UBS; Price Target: $2.25
Graincorp (GNC)
Retained at outperform at Macquarie; Price Target: $9.65 from $9.60
GWA Group (GWA)
Retained at outperform at Macquarie; Price Target: $3.05
Integral Diagnostics (IDX)
Retained at hold at Canaccord Genuity; Price Target: $2.50 from $2.10
Retained at outperform at RBC Capital Markets; Price Target: $3.30 from $3.15
IDP Education (IEL)
Retained at overweight at Jarden; Price Target: $18.45
IGO (IGO)
Retained at buy at Jarden; Price Target: $8.30
Retained at neutral at Macquarie; Price Target: $5.60
Imricor Medical Systems (IMR)
Retained at buy at Morgans; Price Target: $0.94
James Hardie Industries (JHX)
Retained at outperform at Macquarie; Price Target: $64.00
Karoon Energy (KAR)
Retained at outperform at Macquarie; Price Target: $2.35 from $2.40
Retained at equal-weight at Morgan Stanley; Price Target: $1.98
Retained at add at Morgans; Price Target: $2.50 from $2.60
Kelsian Group (KLS)
Downgraded to neutral from positive at E&P; Price Target: $5.05 from $8.20
Retained at overweight at JP Morgan; Price Target: $5.10 from $4.80
Retained at outperform at Macquarie; Price Target: $4.80 from $7.70
Retained at buy at UBS; Price Target: $5.60 from $7.70
Lovisa (LOV)
Downgraded to hold from buy at Bell Potter; Price Target: $33.00 from $36.00
Lark Distilling Co. (LRK)
Retained at buy at Ord Minnett; Price Target: $3.00
Lynas Rare Earths (LYC)
Retained at buy at Bell Potter; Price Target: $8.30 from $8.50
Upgraded to outperform from hold at CLSA; Price Target: $7.75 from $6.30
Downgraded to hold from buy at Jefferies; Price Target: $7.20 from $7.00
Retained at underweight at JP Morgan; Price Target: $5.00
Retained at outperform at Macquarie; Price Target: $7.50 from $6.80
Retained at underweight at Morgan Stanley; Price Target: $4.75
Downgraded to accumulate from buy at Ord Minnett; Price Target: $7.40 from $8.00
Downgraded to neutral from buy at UBS; Price Target: $7.30 from $6.90
Mach7 Technologies (M7T)
Retained at add at Morgans; Price Target: $1.36 from $1.56
Mineral Resources (MIN)
Retained at buy at Citi; Price Target: $60.00
Retained at neutral at Macquarie; Price Target: $60.00
Retained at sell at UBS; Price Target: $43.00
McMillan Shakespeare (MMS)
Retained at buy at Bell Potter; Price Target: $21.00 from $22.20
Retained at overweight at Morgan Stanley; Price Target: $20.00 from $21.50
Nine Entertainment (NEC)
Retained at neutral at E&P; Price Target: $1.50 from $1.60
Retained at hold at Jefferies; Price Target: $1.50 from $1.71
Retained at neutral at JP Morgan; Price Target: $1.39 from $1.50
Retained at neutral at Macquarie; Price Target: $1.24 from $1.29
Retained at overweight at Morgan Stanley; Price Target: $2.20
National Storage Reit (NSR)
Retained at neutral at UBS; Price Target: $2.33 from $2.40
Nextdc (NXT)
Retained at buy at Canaccord Genuity; Price Target: $18.85 from $18.50
Retained at buy at Jefferies; Price Target: $20.03 from $19.20
Retained at overweight at JP Morgan; Price Target: $18.50
Retained at outperform at Macquarie; Price Target: $21.20 from $21.10
Retained at overweight at Morgan Stanley; Price Target: $19.50 from $20.00
Retained at add at Morgans; Price Target: $20.50 from $21.00
Pacific Current Group (PAC)
Retained at overweight at Morgan Stanley; Price Target: $1.90
Propel Funeral Partners (PFP)
Upgraded to accumulate from hold at Ord Minnett; Price Target: $6.30 from $6.10
Peoplein (PPE)
Retained at hold at Morgans; Price Target: $0.75 from $0.90
Pepper Money (PPM)
Retained at neutral at Citi; Price Target: $1.55
Perpetual (PPT)
Retained at neutral at Citi; Price Target: $22.25
Retained at overweight at Jarden; Price Target: $21.75
Retained at buy at UBS; Price Target: $25.00
Perseus Mining (PRU)
Retained at neutral at Citi; Price Target: $3.00 from $2.75
Retained at outperform at Macquarie; Price Target: $3.20 from $3.00
Qantas Airways (QAN)
Retained at neutral at Citi; Price Target: $5.85
Retained at buy at Jarden; Price Target: $7.20
Retained at outperform at Macquarie; Price Target: $6.30
Retained at buy at UBS; Price Target: $7.50
Qoria (QOR)
Retained at buy at Ord Minnett; Price Target: $0.44 from $0.43
Reece (REH)
Retained at underperform at Macquarie; Price Target: $22.85
Reliance Worldwide Corporation (RWC)
Retained at outperform at Macquarie; Price Target: $6.40
South32 (S32)
Retained at buy at Citi; Price Target: $3.25
Retained at outperform at Macquarie; Price Target: $3.95
Retained at buy at UBS; Price Target: $3.80
Steadfast Group (SDF)
Retained at equal-weight at Morgan Stanley; Price Target: $6.17
Siteminder (SDR)
Retained at overweight at Morgan Stanley; Price Target: $6.80
Retained at add at Morgans; Price Target: $6.50 from $6.25
Sandfire Resources (SFR)
Retained at overweight at Jarden; Price Target: $9.10
Retained at neutral at UBS; Price Target: $9.40
Smartgroup Corporation (SIQ)
Retained at buy at Citi; Price Target: $10.45
Retained at outperform at Macquarie; Price Target: $9.60 from $9.51
Retained at equal-weight at Morgan Stanley; Price Target: $9.50
Upgraded to add from hold at Morgans; Price Target: $8.65 from $9.70
Retained at buy at Ord Minnett; Price Target: $10.50
Silk Logistics (SLH)
Retained at add at Morgans; Price Target: $2.00 from $2.10
Seven Group (SVW)
Retained at outperform at Macquarie; Price Target: $43.90
Tabcorp (TAH)
Downgraded to hold from outperform at CLSA; Price Target: $0.50 from $0.78
Downgraded to neutral from positive at E&P; Price Target: $0.59 from $1.02
Retained at buy at Jefferies; Price Target: $0.58 from $0.83
Retained at neutral at Macquarie; Price Target: $0.50 from $1.00
Retained at overweight at Morgan Stanley; Price Target: $0.65 from $0.90
Retained at neutral at UBS; Price Target: $0.53 from $0.75
Ventia Services Group (VNT)
Retained at hold at Ord Minnett; Price Target: $4.35 from $3.80
Webjet (WEB)
Retained at buy at Ord Minnett; Price Target: $10.99 from $10.50
Retained at buy at UBS; Price Target: $10.60
Wesfarmers (WES)
Retained at sell at Citi; Price Target: $61.00
Retained at neutral at Jarden; Price Target: $60.70
Retained at neutral at UBS; Price Target: $66.00
Woolworths Group (WOW)
Retained at buy at Citi; Price Target: $39.00
Retained at neutral at E&P; Price Target: $35.08 from $34.33
Retained at buy at Goldman Sachs; Price Target: $40.10 from $40.20
Retained at overweight at Jarden; Price Target: $38.60 from $39.90
Retained at hold at Jefferies; Price Target: $36.00 from $33.00
Retained at neutral at Macquarie; Price Target: $37.00 from $37.50
Retained at overweight at Morgan Stanley; Price Target: $38.00 from $37.00
Retained at hold at Morgans; Price Target: $36.95 from $31.00
Downgraded to hold from accumulate at Ord Minnett; Price Target: $35.00 from $38.00
Scans
Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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