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Broker Notes: Why analysts name Altium, Computershare and Ampol to buy now?

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Moomoo News AU wrote a column · Jun 21, 2022 01:48
$Altium Ltd (ALU.AU)$: Bell Potter cuts the stock's target price by 18% to A$34.00 against a backdrop of falling tech valuations but maintains a buy recommendation.
Altium is probably on track to hit its FY earnings guidance amid signs that the printed-circuitboard software provider is prioritizing growth in subscribers rather than revenue, Bell Potter says.

$Computershare Ltd (CPU.AU)$: Morgan Stanley maintains an overweight rating and lifts target price by 4.6% to A$29.50.
Morgan Stanley analysts trim Computershare's earnings forecasts due to a weaker outlook for corporate activity and inflation, but still see the Australian company as a winner in the current macro environment.

$Ampol Ltd (ALD.AU)$: RBC maintains an outperform rating and raises target price 19% to A$41.00.
Ampol should deliver improved 2Q refining margins from its Lytton facility, RBC Capital Markets analyst Gordon Ramsay says. Ramsay expects the ASX-listed firm will report that its Lytton refiner margin rose sequentially over April, May and June, from a 1Q high of US$14.62/bbl in March.
Broker Notes: Why analysts name Altium, Computershare and Ampol to buy now?
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