Broker and Media coverage, page-28

Not sure if anyone has posted this, research note from Bell Potter.

Machine learning specialist Appen has upgraded its guidance three times this year and yet the share price is now well off its July peak and even below levels before the company last upgraded in November. That puzzles Bell Potter, which lifts its recommendation on the stock to buy from hold. "The last upgrade implied that the core business of Appen and Leapforce is flying and the Figure Eight acquisition is performing better in 2H 2019 after a disappointing initial contribution in 2Q 2019," Bell Potter says. It also expects Appen's annual result in February to be slightly ahead of guidance. Appen is up 2.6% today at A$22.41. Bell Potter's price target falls 1.8% to A$27.50.