Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Broker Notes: Why analysts name Domino's, APM and DGL to buy now?

avatar
Moomoo News AU wrote a column · Jul 5, 2022 01:30
$Domino's Pizza Enterprises Ltd (DMP.AU)$: JPMorgan has an overweight rating and A$99.00 target price on the stock.
Domino's Pizza Enterprises' imposition of a 6% service fee on delivered orders in Australia shows the fast-food franchiser is prioritizing unit economics over volume, JPMorgan analyst Bryan Raymond says. The fee could generate about A$40 million in incremental revenue, which equates to about 2.8% of sales or about 9% of labor costs in Australia and New Zealand, Raymond says in a note to clients.

$APM Human Services International Pty (APM.AU)$: UBS maintains a buy rating on the stock and lifts target price by 2.9% to A$3.60.
The lack of a trading update from APM Human Services is taken by UBS analyst Tim Plumbe as an indication that there has been no material change to the company's guidance. APM announced a debt refinancing after its 2022 fiscal year ended on June 30 and Plumbe reasons that the timing, coupled with the absence of an update, indicates that its prospectus forecasts still hold.

$DGL Group Ltd (DGL.AU)$: Bell Potter maintains a buy rating on the stock and trims target price 19% to A$3.50 to reflect lower valuations across small industrial stocks.
Australian customs data could point to strong demand for chemicals firm DGL, Bell Potter says.
Broker Notes: Why analysts name Domino's, APM and DGL to buy now?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
Translate
Report
23K Views
Comment
Sign in to post a comment
    avatar
    Moomoo News Official Account
    Australian stock market news that is available at your fingertips
    4783Followers
    6Following
    173KVisitors
    Follow