Morgan Stanley suspects the company may be at the point of a significant earnings inflection. An investor briefing scheduled for May may be able to outline this potential and prove to be a material positive catalyst, in the broker's view.
Morgan Stanley suggests the company is targeting a return to double-digit EBIT. As consensus is forecasting margins to hold at around 6% through FY19 the broker envisages earnings risk is significantly skewed to the upside.
Overweight rating and Cautious industry view are retained. Target is raised to $12.52 from $11.94.
Morgan Stanley suspects the company may be at the point of a...
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Last
$14.73 |
Change
-0.050(0.34%) |
Mkt cap ! $7.770B | |||
| Open | High | Low | Value | Volume |
| $14.69 | $14.94 | $14.69 | $13.22M | 894.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5752 | $14.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.76 | 636 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WOR (ASX) Chart |