Just found this on the FN Arena "weekly ratings and changes"
Weekly Reports | 10:00 AM
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
By Mark Woodruff Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report. Summary
Period: Monday July 5 to Friday July 9, 2021
Total Upgrades: 8
Total Downgrades: 11
Net Ratings Breakdown: Buy 53.80%; Hold 39.20%; Sell 6.99% Upgrade
CARNARVON PETROLEUM LIMITED ((CVN)) Upgrade to Buy from Hold by Ord Minnett .B/H/S: 1/1/0
Ord Minnett believes M&A could be the catalyst for equity performance and remains positive on most stocks in the Energy and Utilities sector. It's felt compelling valuations could prompt corporate activity across the sector, with a number of assets up for sale.
All energy stocks the broker covers are trading below estimated valuation. The rating for Carnarvon Petroleum is raised to Buy from Hold based on valuation and the target price lifts to $0.35 from $0.33.
CVN Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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