In the good books
Coca-Cola Amatil (CCL) Limited Upgraded to Hold from Lighten by Ord Minnett B/H/S: 2/5/1
Ord Minnett reviews the business operations prior to the upcoming investor tour to Indonesia. The broker notes the performance of the fast-moving consumer goods segment has slowed despite the fact Indonesia is a developing market with strong growth potential. The broker upgrades to Hold from Lighten because of the share price performance and valuation support. Target is raised to $8.25 from $8.00.
Nine Entertainment Co. Holdings (NEC) Upgraded to Outperform from Underperform by Macquarie B/H/S: 2/2/1