In the good books
COCA-COLA AMATIL (CCL) Upgraded to Buy from Neutral by Citi B/H/S: 3/4/1
Citi's upgrade to Buy, with a reduced price target of $8.80 (from $9.10), is supported by two key pillars. The shares look cheap, with the analysts observing a -12% discount versus Coca-Cola’s European partners, described as Amatil's "nearest rival". The second pillar is an anticipation that revenues in Australia will stabilise in H1 and this should act as a catalyst for the stock to recover. Citi thinks 5% EPS growth is possible beyond FY19. Target price is $8.80, current Price is $7.73.
DEXUS PROPERTY (DXS) Upgraded to Accumulate from Hold by Ord Minnett B/H/S: 3/2/2