Broker Notes: Why analysts name Domino, GrainCorp and ReadyTech to buy now?
$Domino's Pizza Enterprises Ltd (DMP.AU)$: UBS maintains a buy rating and A$90.00 target price on the stock.Domino's Pizza Enterprises' new menu can help grow the Australian fast-food operator's share of the Japanese market, UBS says.
$Graincorp Ltd (GNC.AU)$: Macquarie maintains an outperform rating and A$11.10 target price on the stock.GrainCorp's earnings momentum should continue into its fiscal 2023 against the backdrop of a third consecutive above-average crop on Australia's east coast, Macquarie's analysts say.
$ReadyTech Holdings Ltd (RDY.AU)$: Goldman Sachs reiterates coverage of the stock with a buy rating and A$4.60 target price.ReadyTech's position serving defensive markets such as higher education and local governments should protect the software company's earnings in the event of an economic downturn, Goldman Sachs analysts say.
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