0950 [Dow Jones] STOCK CALL: Computershare (CPU.AU) upgraded to Neutral from Outperform by Credit Suisse, to Hold from Sell by Citi and to Buy from Hold by Goldman Sachs JBWere. Citi lifts target price to A$9.96 from A$7.95 after upgrading EPS forecasts by 9%-10% per year, noting despite near-term headwinds from margin income and corporate actions, "the improvement in market sentiment globally in recent months lessens the downside risks." CS says strong cost control means CPU is "well positioned for market recovery", with GSJBW similarly pointing to "good upside leverage", tweaking EPS forecasts higher and retaining A$12.80 target price. CPU last A$10.00. (WEL)
CPU Price at posting:
$10.33 Sentiment: ST Buy Disclosure: Held
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