Recent BBY Research: ASX Ltd (ASX A$30.18, Recommendation:...

Recent BBY Research:



ASX Ltd (ASX A$30.18, Recommendation: MAINTAIN BUY, Market Cap: A$5.3B, Sector: Financials) – ASX: Clearing and Settlement regulation



Cardno Ltd (CDD A$5.30, Recommendation: MAINTAIN STRONG BUY, Market Cap: A$584M, Sector: Industrials) – First quarter points to strong FY2012



Insurance Australia Group Ltd (IAG A$3.12, Recommendation: DOWNGRADE UNDERPERFORM, Market Cap: A$6.5B, Sector: Financials) – Brace yourself



Pharmaxis Ltd (PXS A$1.28, Recommendation: MAINTAIN STRONG BUY, Market Cap: A$293M, Sector: Health Care) – Bronchitol to be approved in Europe