ORI – Credit Suisse rates the stock as Neutral

By Broker News | More Articles by Broker News

Credit Suisse found the increasing evidence of the uptake of technology and improved manufacturing reliability were favourable highlights of the company’s strategy update.

Demand growth and tighter supply are also underpinning Orica. Credit Suisse is more confident in the supply/demand and product mix, lifting margin assumptions through FY22-25.

Neutral maintained. Target is raised to $21.22 from $19.24.

Sector: Materials.

Target price is $21.22.Current Price is $21.74. Difference: ($0.52) – (brackets indicate current price is over target). If ORI meets the Credit Suisse target it will return approximately -2% (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 →