jpm upgrades awb to overweight

  1. 668
    196 Posts.
    2157 GMT [Dow Jones] STOCK CALL: AWB (AWB.AU) upgraded to Overweight from Underweight, price target lifted to A$1.25 from A$1.20 vs yesterday's close at A$1.08, says JPMorgan. Brokerage upgrades after A$39.5 million class action settlement yesterday, which gives more certainty about potential legal liabilities; notes AWB's improved balance sheet strength after capital raising, sale of loan book; also says Landmark rural services business should generate
    strong rebound in earnings, margins, as demand lifts for farming inputs after good rainfall. (RCB)
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.