Broker Notes: Why analysts name REA, Vicinity Centres and Serko to buy now?
$Serko Ltd(SKO.AU$: Citi has a buy/high risk rating on the travel software booking company.
Recent updates from travel industry companies such as Qantas point to a strong recovery in corporate travel and upside to Citi's forecasts for Serko's travel platform revenue in FY 2023, the investment bank says in a research report.
Shares are 2.84% lower at A$4.45.
Recent updates from travel industry companies such as Qantas point to a strong recovery in corporate travel and upside to Citi's forecasts for Serko's travel platform revenue in FY 2023, the investment bank says in a research report.
Shares are 2.84% lower at A$4.45.
$REA Group Ltd(REA.AU$: Morgans justifies an upgrade to add from hold on the stock.
REA's 35% share-price drop since the start of January has the stock trading on a more palatable 30 times FY 2023 price-to-earnings, Morgans says.
Shares are 4.34% lower at A$107.28.
$Vicinity Centres(VCX.AU$: Goldman Sachs retains a buy call on the stock.
Vicinity Centres's 3Q update supports Goldman Sachs's expectation that the Australian mall owner's recovery is gaining momentum.
Shares are 2.72% lower at A$1.79.
$Macquarie Group Ltd(MQG.AU$: Morgans raises the stock's target price by 2.6% to A$215.00 and upgrades its rating to add from hold.
It's hard to fault Macquarie's FY 2022 result, which benefited from strong performances in Macquarie Capital and Commodities and Global Markets. The only real negative it can see is that it will be difficult for Macquarie to repeat such a standout performance in FY 2023, Morgans says.
Shares are 2.62% lower at A$182.
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