Buy, Hold, Sell – What the Brokers Say

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In the good books

ALTIUM (ALU) was upgraded to Outperform from Neutral by Macquarie

Macquarie has used a sector update post the February reporting season to sneak in an upgrade for Altium, to Outperform from Neutral, due to excessive share price weakness. The analysts see a solid medium-term earnings growth path on top of strategic opportunities, while also acknowledging any market shocks have the potential to highlight Altium's near-term reliance on perpetual licence sales and the fact that China is now important for growth. Target price remains unchanged at $37.50.

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