Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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In the good books

1. Charter Hall Group (CHC) was upgraded to Accumulate from Hold by Ord Minnett

Ord Minnett raises estimates, expecting operating margins in funds management to increase to 53% over the next five years. The broker believes the potential for increased economies of scale is strong and the company also enjoys a favourable portfolio composition. Charter Hall is also becoming more capital efficient and there should be enough cash to sponsor the growth of the funds business. Rating is upgraded to Accumulate from Hold and the target is raised to $9.75 from $9.00. This stock is not covered in-house by Ord Minnett. Instead, the broker white labels research by JP Morgan.

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