Broker Notes: Why analysts name TPG, Costa and Eroad to buy now?
$Costa Group Holdings Ltd (CGC.AU)$: Goldman Sachs has a buy rating on the stock and trims target price 3.9% to A$3.65.
Costa Group is continuing to effectively manage labor costs, helping price growth outpace cost inflation, Goldman Sachs says.The GS analysts forecast net income margin of 6.1% for the 12 months through December, compared with 4.9% in 2021, and expect continued expansion over the subsequent two years.
$EROAD Ltd (ERD.AU)$: Bell Potter maintains a buy rating on the stock but cuts target price 19% to A$2.75 on a change in valuation methodology.
Eroad's acquisition and integration of fleet-management platform Coretex will leave the New Zealand-based transport tech firm better positioned to regain growth momentum, particularly in North America, Bell Potter says.
$TPG Telecom Ltd (TPG.AU)$: Macquarie reaffirms its outperform rating on the stock. It cuts its target price 9% to A$6.80 after to reflect remodeling of leases associated with TPG's sale of its mobile towers.
TPG Telecom continues to offer compelling value to shareholders with the market underestimating the prospects for the Australian firm's fixed wireless product, Macquarie analysts say.
Costa Group is continuing to effectively manage labor costs, helping price growth outpace cost inflation, Goldman Sachs says.The GS analysts forecast net income margin of 6.1% for the 12 months through December, compared with 4.9% in 2021, and expect continued expansion over the subsequent two years.
$EROAD Ltd (ERD.AU)$: Bell Potter maintains a buy rating on the stock but cuts target price 19% to A$2.75 on a change in valuation methodology.
Eroad's acquisition and integration of fleet-management platform Coretex will leave the New Zealand-based transport tech firm better positioned to regain growth momentum, particularly in North America, Bell Potter says.
$TPG Telecom Ltd (TPG.AU)$: Macquarie reaffirms its outperform rating on the stock. It cuts its target price 9% to A$6.80 after to reflect remodeling of leases associated with TPG's sale of its mobile towers.
TPG Telecom continues to offer compelling value to shareholders with the market underestimating the prospects for the Australian firm's fixed wireless product, Macquarie analysts say.
Buy: Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
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