Broker Notes: Why analysts name IGO, TPG and Life360 to buy now?
$IGO Ltd (IGO.AU)$: UBS has upgrades IGO to a buy from sell and reduces its price target on IGO to $12.15, from $12.40.IGO's maiden production of battery grade lithium hydroxide from the Kwinana plant, soon-to-be-completed takeover of Western Areas, and recent share-price fall prompts UBS to upgrade the Australian miner to buy from sell.
Shares are 0.09% lower at A$11.65.
$The a2 Milk Co Ltd (A2M.AU)$: Citi upgrades a2 to neutral from sell.A shortage in infant formula in the U.S. could potentially allow Australian and New Zealand infant-formula companies to access a market that has been closed off to them, says Citi.
Shares are 3.50% higher at A$4.43.
$TPG Telecom Ltd (TPG.AU)$: Morgan Stanley trims the stock's target price 7.9% to A$8.20 but stays overweight on the stock.TPG Telecom is a higher-risk pick than telecommunications peer Telstra, but the former still offers potential for attractive returns, Morgan Stanley says.
Shares are 0.05% lower at A$5.94.
$Select Harvests Ltd (SHV.AU)$: Bell Potter maintains a buy rating and cuts target price by 6.1% to A$6.95.Select Harvests' costs may not subside despite the largely one-off nature of the costs faced by the almond producer in 1H of its current fiscal year, Bell Potter says.
Shares are 1.50% higher at A$6.08
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