ASX – Morgan Stanley rates the stock as Equal-weight

By Broker News | More Articles by Broker News

FY19 results were slightly below Morgan Stanley’s estimates. The special dividend of $1.29 was also below estimates. Guidance is for FY20 operating expenditure growth of 6-8% and capital expenditure of $75-80m.

Equal-weight retained. Target is $64. Industry view: In-Line.

Sector: Diversified Financials.

Target price is $64.00.Current Price is $85.70. Difference: ($21.70) – (brackets indicate current price is over target). If ASX meets the Morgan Stanley target it will return approximately -34% (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 →