Evening Wrap: ASX 200 slips in deluge of earnings, Middle East uncertainty, TLX +14% vs MIN -5% on results

The S&P/ASX 200 closed 4.8 points lower, down 0.05%.

ASX 200 edged lower, slipping 4.8 points to 9081.4, as renewed Iran–US tensions weighed on sentiment and capped gains.

As reporting season concludes its third week — and delivers a deluge of new information for investors to digest — we bring you literally hundreds of data points on the key movers and shakers, plus how the big brokers responded to them: upgrades, downgrades, price target changes, and more...

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 4.8 points lower at 9,081.4, 0.38% from its session low and just 0.05% from its high. Despite only a small miss at benchmark level, in the broader-based S&P/ASX 300 (XKO) advancers lagged decliners by a disturbing 97 to 181.

For the week, the XJO finished up 163.8 points or 1.8% higher, 1.8% from its intraweek low and 0.4% from its intraweek high. The intraweek high is worth noting this week — an all-time high of 9118.3, eclipsing 9115.2 from 21 October last year.

Defensive sectors outperformed, with Utilities (XUJ) (+0.7%) and Financials (XFJ) (+0.7%) leading the market as investors rotated into stable earnings and reliable dividend yield plays. Suncorp Group (SUN) (+1.8%), ANZ Group Holdings (ANZ) (+1.6%) and Westpac Banking Corp. (WBC) (+1.6%) paced the gains.

Growth and consumer-facing sectors lagged, with Information Technology (XIJ) (-2.4%) and Consumer Discretionary (XDJ) (-1.4%) under pressure amid ongoing concerns around AI disruption and stretched valuations. Wisetech Global (WTC) (-3.8%), Xero (XRO) (-3.7%), Aristocrat Leisure (ALL) (-4.6%) and Nick Scali (NCK) (-4.1%) led the declines.

In stock specific news:

• QBE Insurance (QBE) (+7.1%) — beat expectations with strong profit growth and premium momentum.

• Telix Pharmaceuticals (TLX) (+14.5%) — surged on stronger-than-expected revenue guidance.

• Guzman y Gomez (GYG) (-13.9%) — fell on softer sales and ongoing US losses.

• Inghams Group (ING) (-13.5%) — cut full-year guidance following weak earnings.

• Megaport (MP1) (-11.8%) — declined on softer EBITDA outlook despite revenue growth.

• Rio Tinto (RIO) (-3%) — slipped after earnings missed expectations due to weaker iron ore prices.

In commodities, uranium stocks rallied sharply, led by Peninsula Energy (PEN) (+6.7%) and Paladin Energy (PDN) (+5.4%), while lithium names sold off heavily, including Liontown (LTR) (-6.4%) and PLS Group (PLS) (-4.6%) — notably, both underlying commodity prices were largely unchanged. 🤔

Today's best blue chip gainers

Today's worst blue chip losers

ChartWatch

Nasdaq Composite Index

Analysis

Two candles to catch up on today because I was on Livewire Reporting Season duty yesterday: check my articles on PLS Group (PLS), Rio Tinto (RIO), and Wesfarmers (WES).

But, as I told Warren: D vs S = P means that I knew that you lot would know exactly what to do! 🧐

Nope! You don't need me! You know how to read the signs that the balance between demand and supply is changing yourself! 💪💪💪

And that's a wonderful thing... but I am back... so I might as well throw my two cents in with yours (let's hope we get four cents and not the square root of pi! 😉)

Let's start with a quick comment on Wednesday's candle: 👍 or 👎?

• White-bodied, but roughly half the candle is upward pointing shadow

• Shadow kicking in around the midpoint of last Thursday's dominant supply-side candle = manifestation of latent excess supply

• Hardly even a challenge of the dynamic excess supply at the short term downtrend ribbon = supply-side control of short term price

• Hardly an emphatic follow through of the bounce from the long term uptrend ribbon started on Tuesday = little demand-side motivation

What do you think? Personally, I'm going with a 👎!

Okay, now let's do last night's candle: 👍 or 👎?

• Miniscule = demand-side intent/resilience is questionable...

• Upward pointing shadow, barely halfway up Wed's range = sell the rally

What do you think? Personally, I'm going with a 👎!

Add in the fact that volume was pathetic on both! There's so little demand-side resolve here... interest... intent... it's a bit sad for an index that's supposed to be the poster child for investor optimism! 😭

Still, that volume also tells us that supply is measured. Almost not wanting to spook the demand-side so as to maintain prices as high as possible... for as long as possible... while they sneakily distribute stock... hoping nobody's noticing their plan!

Conclusion: There's nothing presently in this chart that inspires me to want to add risk. I'd love that to change: a massive white-bodied candle with a close smack-bang on the session's high + a surge in volume to shout from the rooftops the return of demand-side interest and a mass clearing of that pesky supply!

But when will it come? Will it come? 🤔

These are questions so hard to fathom that it requires my hands to be firmly wedged beneath my (clenched) buttocks! 😁

View

Given current, sorry state of affairs for the Comp's technicals — how can I possibly be anywhere else but 1/2RP 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

22461 is the critical point of demand. 21898 is the key local go-no-go zone for the Comp — a close below 21898 implies the supply-side is control of the Comp's short term price. A close below the low of the long term uptrend ribbon (presently 21645-22470), implies the long term uptrend is likely under significant pressure = ⚠️. 23321 is the nearest critical static point supply, but the short term downtrend ribbon (presently 23038-23138) may also impede upside price action.

S&P/ASX 200 (XJO)

Analysis

Nothing day… but that didn’t matter, the ASX 200, aka the Old Tin Pot, capped a stonking week from a D > S = P⬆️ standpoint.

Today’s candle only confirms: there's hardly any pushback from the supply-side.

What supply-side? Where did they go from the big black candles from just a few weeks ago!? 🤷

I, for one, am taking today’s candle and the improving broader technical picture for the OTP seriously. I’d even go so far as to say: we’re on the brink of a new high here. I can feel it! The 9110-9116 major point of supply has been tested once… no doubt some of the excess supply there was shaken loose in that 12-Feb push… Surely then… there must be less of it to impede any subsequent push. This could be our best chance since October to blast through — to do something meaningful… 🤞

— my comments in my last update on Weds 👆

And then we ended up in a situation where a new high was inevitable… driven by — let’s face it — one sector (the XFJ 💪💪💪).

Well… hardly one sector… 4 banks, really! 🤦

But, it is what it is… as it always is!

The OTP has what the world wants right now… and who are we to argue with the logic why!?

You know how to read a chart... and you know what those green ribbons and white candles mean: D > S = P⬆️

MOTN (More Often Than Not) 😉

View

I am 2/3 RP 🪣 (i.e., my personal allowable capital allocation limit for my investments in Australian stocks is 67%). I am happy to move towards that level if I can find the risk among individual stocks to add.

Key levels

The short term uptrend ribbon (presently 8859-8897) is the closest zone of demand, a close below it would neutralise the present short term uptrend. 9110-9116 is the key zone of supply. Celebrations are on hold until the demand-side can consume the highly motivated supply that appears to be residing there.

Economy

Today

• AUS February Flash Purchasing Managers Index (PMI)

  • Manufacturing PMI: 51.5 vs 52.3 in January (revised down from 52.4)

  • Flash Services PMI: 52.2 vs 56.3 in in January (revised up from 56.0)

  • Woopty-doo, but what does it all mean Basil? 🤔

    • Readings > 50 = sector growth, so Aussie industry is showing growth this month, but that growth is slowing from the prior month, in particular, in Services.

Later this week

Saturday

• 12:30 USA Advance GDP q/q (+2.8% p.a forecast vs +4.4% p.a. previous)

Latest News

Interesting Movers

Trading higher

• +14.2% Telix Pharmaceuticals (TLX) – 2025 Full Year Results Presentation.

• +10.0% Qoria (QOR) – No news, bounced in the wake of the recent sharp selloff.

• +9.5% St George Mining (SGQ) – No news 🤔.

• +9.1% Chrysos Corp. (C79) – No news 🤔.

• +7.1% QBE Insurance Group (QBE) – Presentation of QBE FY2025 Results.

• +6.7% Peninsula Energy (PEN) – No news, general strength across the broader Uranium sector today.

• +5.5% Austal (ASB) – Austal awarded LCH Contract by Commonwealth of Australia.

• +5.4% Paladin Energy (PDN) – EIS Approval for Patterson Lake South Project, general strength across the broader Uranium sector today.

• +5.3% Bega Cheese (BGA) – Continued positive response to 19-Feb 1H FY2026 Results Presentation, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +4.7% Aspen Group (APZ) – Continued positive response to 19-Feb Aspen Group HY26 Results, rise is consistent with prevailing short and long term uptrends 🔎📈

• +4.5% Arafura Rare Earths (ARU) – No news, bounced in the wake of the recent sharp selloff.

• +4.5% Nexgen Energy (NXG) – No news, general strength across the broader Uranium sector today, rise is consistent with prevailing short and long term uptrends 🔎📈

• +3.8% Bannerman Energy (BMN) – No news, general strength across the broader Uranium sector today, rise is consistent with prevailing short and long term uptrends 🔎📈

• +3.5% Deep Yellow (DYL) – No news, general strength across the broader Uranium sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +2.4% Lotus Resources (LOT) – No news, general strength across the broader Uranium sector today.

• +2.3% BetaShares Global Uranium ETF (URNM) – No news, general strength across the broader Uranium sector today, (Uranium stocks ETF).

• +2.1% Boss Energy (BOE) – No news, general strength across the broader Uranium sector today.

Trading lower

• -13.9% (GYG) – 2026 GYG Half-Year Results Presentation, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -13.5% Inghams Group (ING) – FY2026 Interim Results Presentation, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -11.8% Megaport (MP1) – H1 FY26 Half Year Results Investor Presentation, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -10.5% MA Financial Group (MAF) – Continued negative response to 19-Feb FY25 Results Presentation.

• -9.7% Forrestania Resources (FRS) – Engages Engineers for Gold Processing Infrastructure.

• -8.5% Polynovo (PNV) – 1H FY26 Results Presentation, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -6.5% Elevra Lithium (ELV) – No news, general weakness across the broader Lithium sector today.

• -6.4% Liontown (LTR) – No news, general weakness across the broader Lithium sector today.

• -6.1% Healius (HLS) – No news, fall is consistent with prevailing short and long term downtrends, a recent regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -5.3% Mineral Resources (MIN) – FY26 Half Year Results Presentation, general weakness across the broader Lithium sector today.

• -4.9% Nuix (NXL) – No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -4.7% Siteminder (SDR) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -4.6% Ebos Group (EBO) – No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -4.6% Aristocrat Leisure (ALL) – Continued negative response to 19-Feb 2026 AGM CEO's address and outlook, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -4.6% PLS Group (PLS) – Continued negative response to 19-Feb FY26 Interim Results, general weakness across the broader Lithium sector today.

• -3.8% Wisetech Global (WTC) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -3.8% Zip Co. (ZIP) – Continued negative response to 19-Feb 1H FY26 Results Update, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -3.8% Netwealth Group (NWL) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -3.7% Xero (XRO) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -3.5% Audinate Group (AD8) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

Broker Moves

AIC Mines (A1M)

• Retained at buy at Bell Potter; Price Target: $0.80 from $0.67

• Retained at buy at Shaw and Partners; Price Target: $1.10

Aristocrat Leisure (ALL)

• Retained at buy at Bell Potter; Price Target: $70.00 from $80.00

• Retained at positive at E&P; Price Target: $65.52 from $65.84

• Retained at buy at Jarden; Price Target: $68.00 from $72.00

• Retained at buy at Jefferies; Price Target: $66.00 from $71.00

• Retained at overweight at Morgan Stanley; Price Target: $66.90

APA Group (APA)

• Retained at hold at Jefferies; Price Target: $9.16 from $8.90

• Retained at trim at Morgans; Price Target: $7.96 from $7.74

• Retained at sector perform at RBC Capital Markets; Price Target: $9.50 from $9.00

• Retained at sell at UBS; Price Target: $8.00 from $7.70

Eagers Automotive (APE)

• Retained at hold at Bell Potter; Price Target: $28.75 from $31.25

• Retained at hold at Moelis Australia; Price Target: $28.37 from $35.90

• Retained at overweight at Morgan Stanley; Price Target: $32.00

• Upgraded to buy from accumulate at Ord Minnett; Price Target: $31.00

• Retained at neutral at UBS; Price Target: $28.60 from $33.00

Aspen Group (APZ)

• Retained at buy at Bell Potter; Price Target: $6.50 from $6.25

Autosports Group (ASG)

• Retained at buy at Canaccord Genuity; Price Target: $4.79 from $4.94

• Retained at overweight at Jarden; Price Target: $4.05 from $4.20

• Retained at buy at Moelis Australia; Price Target: $4.91 from $5.05

• Retained at buy at UBS; Price Target: $4.90 from $4.80

Bega Cheese (BGA)

• Retained at buy at Bell Potter; Price Target: $7.75 from $7.00

• Retained at neutral at UBS; Price Target: $6.50 from $6.00

Beacon Lighting Group (BLX)

• Retained at buy at Bell Potter; Price Target: $2.85 from $3.35

• Downgraded to neutral from buy at Citi; Price Target: $2.75 from $3.95

Beamtree Holdings (BMT)

• Retained at buy at Shaw and Partners; Price Target: $0.30 from $0.60

Bhagwan Marine (BWN)

• Retained at buy at Shaw and Partners; Price Target: $0.90 from $0.80

Brambles (BXB)

• Retained at hold at CLSA; Price Target: $24.90 from $23.80

• Retained at overweight at Morgan Stanley; Price Target: $28.00 from $26.00

• Retained at outperform at RBC Capital Markets; Price Target: $29.75 from $28.50

• Retained at neutral at UBS; Price Target: $25.40 from $25.65

Chrysos Corporation (C79)

• Retained at buy at Shaw and Partners; Price Target: $8.70

Codan (CDA)

• Retained at hold at Bell Potter; Price Target: $37.70 from $36.70

• Retained at buy at Canaccord Genuity; Price Target: $40.83 from $40.28

• Retained at buy at Moelis Australia; Price Target: $42.88 from $42.31

• Retained at neutral at UBS; Price Target: $37.00

Cogstate (CGS)

• Retained at buy at Bell Potter; Price Target: $2.90

Charter Hall Group (CHC)

• Downgraded to hold from outperform at CLSA; Price Target: $23.68 from $25.94

• Retained at overweight at Jarden; Price Target: $28.30 from $27.60

• Retained at underweight at JPMorgan; Price Target: $21.50 from $21.00

• Retained at buy at UBS; Price Target: $27.00 from $26.50

Digico Infrastructure REIT (DGT)

• Retained at buy at UBS; Price Target: $4.20

Downer EDI (DOW)

• Upgraded to outperform from hold at CLSA; Price Target: $9.20 from $7.60

• Retained at neutral at Goldman Sachs; Price Target: $7.75 from $7.60

• Retained at outperform at RBC Capital Markets; Price Target: $8.75

• Retained at neutral at UBS; Price Target: $8.00

Emeco Holdings (EHL)

• Retained at buy at Argonaut Securities; Price Target: $1.70 from $1.50

• Retained at buy at Canaccord Genuity; Price Target: $1.54 from $1.23

• Downgraded to neutral from overweight at Jarden; Price Target: $1.30 from $1.05

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

Genesis Minerals (GMD)

• Retained at underweight at Barrenjoey; Price Target: $8.00

Goodman Group (GMG)

• Retained at buy at Bell Potter; Price Target: $36.45 from $37.40

• Retained at outperform at CLSA; Price Target: $35.59 from $37.05

• Retained at buy at Jarden; Price Target: $36.80 from $40.10

• Retained at overweight at JPMorgan; Price Target: $39.00

• Retained at buy at UBS; Price Target: $36.98 from $37.14

Guzman Y Gomez (GYG)

• Retained at neutral at UBS; Price Target: $24.00

Hansen Technologies (HSN)

• Retained at buy at Shaw and Partners; Price Target: $7.60

HUB24 (HUB)

• Retained at buy at Bell Potter; Price Target: $120.00 from $125.00

• Retained at buy at Jarden; Price Target: $129.70 from $127.50

• Upgraded to overweight from neutral at JPMorgan; Price Target: $110.25 from $109.00

• Retained at buy at Moelis Australia; Price Target: $123.04 from $118.04

• Upgraded to accumulate from hold at Morgans; Price Target: $112.40 from $110.60

IGO (IGO)

• Retained at overweight at Barrenjoey; Price Target: $9.70

• Retained at buy at Canaccord Genuity; Price Target: $9.60 from $9.80

• Retained at neutral at UBS; Price Target: $8.50 from $8.95

Inghams Group (ING)

• Retained at neutral at UBS; Price Target: $2.80

Lifestyle Communities (LIC)

• Retained at hold at Bell Potter; Price Target: $5.50 from $6.05

• Retained at neutral at UBS; Price Target: $5.80 from $5.99

Lovisa Holdings (LOV)

• Retained at hold at CLSA; Price Target: $28.30 from $31.00

• Upgraded to positive from neutral at E&P; Price Target: $31.07 from $31.61

• Retained at overweight at Morgan Stanley; Price Target: $32.50 from $38.00

• Retained at buy at Morgans; Price Target: $36.80 from $40.00

MA Financial Group (MAF)

• Retained at buy at UBS; Price Target: $12.10 from $12.00

Mineral Resources (MIN)

• Retained at buy at UBS; Price Target: $68.00

Megaport (MP1)

• Retained at neutral at UBS; Price Target: $15.70

Medibank Private (MPL)

• Retained at neutral at Jarden; Price Target: $4.80 from $4.90

• Retained at hold at Jefferies; Price Target: $4.90 from $5.10

• Retained at neutral at JPMorgan; Price Target: $5.10

• Retained at overweight at Morgan Stanley; Price Target: $5.77 from $5.90

• Retained at neutral at UBS; Price Target: $4.90 from $5.00

Medical Developments International (MVP)

• Retained at buy at Bell Potter; Price Target: $0.85 from $0.84

NRW Holdings (NWH)

• Retained at buy at Canaccord Genuity; Price Target: $6.80 from $5.20

• Retained at overweight at Jarden; Price Target: $6.30 from $4.90

• Retained at buy at Moelis Australia; Price Target: $6.90

• Retained at buy at UBS; Price Target: $7.00 from $5.15

PLS Group (PLS)

• Retained at overweight at Barrenjoey; Price Target: $5.55 from $5.50

• Retained at hold at Bell Potter; Price Target: $4.60

• Retained at buy at Canaccord Genuity; Price Target: $5.20 from $5.30

• Retained at outperform at CLSA; Price Target: $5.45 from $5.35

• Retained at neutral at Jarden; Price Target: $2.50

• Retained at hold at Jefferies; Price Target: $4.00

• Retained at outperform at RBC Capital Markets; Price Target: $5.20 from $5.10

QBE Insurance Group (QBE)

• Retained at buy at UBS; Price Target: $22.50

Redox (RDX)

• Retained at buy at UBS; Price Target: $3.55 from $3.40

Rio Tinto (RIO)

• Retained at overweight at Barrenjoey; Price Target: $172.00 from $173.00

Regis Resources (RRL)

• Retained at underweight at Barrenjoey; Price Target: $7.00

• Retained at buy at Bell Potter; Price Target: $9.35 from $8.85

• Retained at buy at UBS; Price Target: $9.50

Sandfire Resources (SFR)

• Downgraded to hold from buy at Argonaut Securities; Price Target: $20.00 from $21.30

• Retained at overweight at Barrenjoey; Price Target: $20.00

• Retained at sell at UBS; Price Target: $18.05 from $17.75

Sonic Healthcare (SHL)

• Retained at buy at Bell Potter; Price Target: $28.75 from $28.50

• Retained at hold at CLSA; Price Target: $24.35

• Retained at buy at Goldman Sachs; Price Target: $31.00 from $29.70

• Upgraded to outperform from neutral at Macquarie; Price Target: $27.50 from $25.20

• Retained at sector perform at RBC Capital Markets; Price Target: $25.00 from $23.00

• Retained at neutral at UBS; Price Target: $21.80

Transurban Group (TCL)

• Retained at hold at Jefferies; Price Target: $13.86 from $14.30

• Retained at neutral at JPMorgan; Price Target: $14.00 from $14.10

• Retained at hold at Morgans; Price Target: $13.19 from $13.39

• Retained at sector perform at RBC Capital Markets; Price Target: $14.00

Telstra Group (TLS)

• Retained at hold at Bell Potter; Price Target: $5.10 from $4.75

• Retained at neutral at Jarden; Price Target: $4.95 from $4.80

• Downgraded to hold from buy at Jefferies; Price Target: $5.40

• Retained at overweight at JPMorgan; Price Target: $5.30 from $5.25

• Retained at overweight at Morgan Stanley; Price Target: $5.40 from $4.95

• Retained at neutral at UBS; Price Target: $5.20 from $4.90

Universal Store Holdings (UNI)

• Upgraded to outperform from sector perform at RBC Capital Markets; Price Target: $10.30 from $9.30

• Retained at buy at UBS; Price Target: $10.50 from $10.25

Ventia Services Group (VNT)

• Retained at buy at Canaccord Genuity; Price Target: $5.99 from $5.65

• Retained at hold at Morgans; Price Target: $5.85 from $5.45

• Upgraded to outperform from sector perform at RBC Capital Markets; Price Target: $6.25 from $6.00

• Retained at buy at UBS; Price Target: $6.80 from $6.23

Wesfarmers (WES)

• Retained at hold at CLSA; Price Target: $80.60 from $83.00

• Retained at underweight at JPMorgan; Price Target: $72.00

• Retained at trim at Morgans; Price Target: $80.50 from $79.30

• Retained at neutral at UBS; Price Target: $90.00

Whitehaven Coal (WHC)

• Retained at neutral at Barrenjoey; Price Target: $8.40 from $9.00

• Upgraded to hold from sell at Bell Potter; Price Target: $8.10 from $8.40

• Upgraded to accumulate from hold at Morgans; Price Target: $9.05 from $9.75

• Retained at sell at UBS; Price Target: $7.70 from $8.90

Zip Co (ZIP)

• Retained at buy at Citi; Price Target: $4.30

• Retained at outperform at CLSA; Price Target: $3.40 from $5.40

• Upgraded to buy from hold at Jefferies; Price Target: $4.20 from $5.00

• Retained at buy at Ord Minnett; Price Target: $3.90 from $5.40

Scans