The chart below shows the buy recommendations of brokers. Companies are only displayed in this table if at least 5 of the above mentioned brokers have a current position on the stock. A broker sentiment value of +1 means all brokers have a buy recommendation. The target price upside/downside is relative to the price at the time the table was updated.
The stocks with the largest target price upside this week are Domino’s Pizza Enterprises with 24.62% and APN News & Media with 23.90%.
Click here for more [1].
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In the good books
Upgrades were covered in last Thursday’s report. Click here for more [2].
[3]In the not-so-good books
[4]COLLINS FOODS LIMITED (CKF) Downgrade to Hold from Buy by Deutsche Bank B/H/S: 0/2/0
The company has provided second half guidance which is around -9% below Deutsche Bank estimates, driven by increased corporate cost investment, KFC Australia margin compression and weakness in WA operations.
The broker has mixed sentiment on the acquisition of 16 KFC stores in the Netherlands, as the high EBIT multiple paid is offset by the company’s increased European scale, portfolio quality and the options on roll-out.
Deutsche Bank downgrades to Hold from Buy on valuation grounds. Target is reduced to $5.40 from $6.35.
Earning forecast
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