Most brokers have upgraded. Latest target prices. Morgans $18.65 UBS $19 Macquarie $19.02 JPM $20
Not sure why the market has reacted so harshly given all the upgrades. Anyone got any ideas. I did like this graph from Macquaries note. Lots of the brokers commented that the company is near multi year multiple lows, which given the strong earnings growth forecast make this a potentially compelling entry. The other theme was that risks are skewed to the upside
TWE Price at posting:
$16.13 Sentiment: Buy Disclosure: Held
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