Buy, Hold, Sell – what the brokers say

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Domain Holdings (DHG) was upgraded to Hold from Sell by Deutsche Bank and to Buy from Sell by UBS Buy/Hold/Sell: 2/3/2. Deutsche Bank had initiated with a Sell in November last year, but after share price weakness following the sudden departure of the CEO, the broker thinks it is time for an upgrade to Hold. CEO Antony Catalano unexpectedly resigned, citing family commitments and difficulties with relocating to Sydney. The price target has remained $3.35. Deutsche Bank analysts acknowledge the immediate outlook is now clouded with uncertainty, but they also believe this is now well and truly reflected in the share price. Even if the risk to forward growth has increased UBS also believes the uncertainty is more than priced in and upgrades to Buy from Sell. Target is $3.20.

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