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Buy, Hold, Sell – What the Brokers Say

In the good books

1. SENEX ENERGY (SXY) was upgraded to Hold from Lighten by Ord Minnett

Ord Minnett adjusts oil price forecasts for the March quarter which leads to a lift in forecasts for the June quarter to US$70/bbl, and US$65/bbl for the remainder of 2019 and 2020. The broker upgrades Senex Energy to Hold from Lighten based on valuation. Target is raised to $0.40 from $0.34. This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.