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To Rudi,
Usually enjoy your section, however was annoyed by last weeks report about Orora. You mentioned that you had not included a downgrade because of the lateness of receiving it. You then mentioned that it had been \’updated\’. I found this confusing. Furthermore, you have not included it in this weeks comments? What is your current view on Orora?
Thankyou
A: This was the downgrade on Orora
Sentiment Indicator
0.4
No. Of Recommendations
7
| BROKER | DATE | RATING | RECOMMENDATION | TARGET PRICE | % TO REACH TARGET |
| Deutsche Bank | 13/07/2018 | 5 | Downgrade to Sell from Hold | $3.15 | -13.22% |
| · COMMENTARY
Deutsche Bank analysts updated their modelling but couldn’t move the intrinsic valuation beyond $3.15 at this stage, leaving a gap of -17% with the share price, which triggered a downgrade to Sell from Hold. Prior target was $3.05. The stock is equally trading on a premium vis-a-vis its peers such as Amcor ((AMC)), point out the analysts, while earnings risk has arguably risen if only because of higher input costs. |
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