DTL – Morgans rates the stock as Add

By Broker News | More Articles by Broker News

After years of weak customer demand Morgans believes the company may have turned the corner. Guidance is 15% ahead of the broker’s expectations and FY15 profit should be up 35-45%.

The upgrade to guidance was driven by a number of positive events and the broker will fine tune its forecasts at the results but in the interim has increased FY15 and FY16 assumptions by 19%.

The broker retains an Add rating and raises the target to 97c from 82c.

Sector: Software & Services.

Target price is $0.97.Current Price is $0.96. Difference: $0.01 – (brackets indicate current price is over target). If DTL meets the Morgans target it will return approximately 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →