Broker Notes: Why analysts name Redbubble, Suncorp and Breville to buy now?
$Redbubble Ltd (RBL.AU)$: UBS upgrades the stock to buy from neutral and raises target price 10% to A$1.60.
Investor expectations for Redbubble are so low that there is decent potential for FY 2022 earnings to drive an improvement in the company's share-price, UBS analyst Tim Piper says. Piper tells clients in a note that data and channel checks suggest limited risk of further near-term downside.
$Suncorp Group Ltd (SUN.AU)$: UBS increases its target price 3.0% to A$14.80 a share, and keeps its buy rating on the stock.
Suncorp's FY 2022 results seem to show that the company's core general insurance franchise looks to be in good shape, even after a volatile period for weather events and market volatility, says UBS.
$Breville Group Ltd (BRG.AU)$: Macquarie maintains an outperform rating and A$23.35 target price on the stock.
Breville's build up of inventory to safeguard against supply shortages looks consistent with that forecast by Macquarie analysts. The analysts say in a note that Breville shipping-volume data continues to show increased container movements into North America during the small-appliance supplier's 2H FY 2022.
Investor expectations for Redbubble are so low that there is decent potential for FY 2022 earnings to drive an improvement in the company's share-price, UBS analyst Tim Piper says. Piper tells clients in a note that data and channel checks suggest limited risk of further near-term downside.
$Suncorp Group Ltd (SUN.AU)$: UBS increases its target price 3.0% to A$14.80 a share, and keeps its buy rating on the stock.
Suncorp's FY 2022 results seem to show that the company's core general insurance franchise looks to be in good shape, even after a volatile period for weather events and market volatility, says UBS.
$Breville Group Ltd (BRG.AU)$: Macquarie maintains an outperform rating and A$23.35 target price on the stock.
Breville's build up of inventory to safeguard against supply shortages looks consistent with that forecast by Macquarie analysts. The analysts say in a note that Breville shipping-volume data continues to show increased container movements into North America during the small-appliance supplier's 2H FY 2022.
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.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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energetic Mink_4107 : Then the red bubble fell by more than 30% a day, ushered in a good time to open a position