In the good books
1. NUFARM (NUF) was upgraded to Outperform from Neutral by Macquarie
The company has been able to divest its South American business at an attractive price, removing the financing risk. A lower leverage target should appeal to a market that requires management to focus on operations, Credit Suisse assesses. The broker notes FY20 will be about targeting structural improvements in earnings amid hopes of improved seasonal conditions in Australia and Europe in the second half. Outperform rating maintained. Target is raised to $8.30 from $8.24.