In the good books
ASX Limited (ASX) was upgraded to Hold from Sell by Deutsche Bank.
ASX has made a strong start to the 2019 financial year from a cash market perspective, Deutsche Bank observes, with the value traded up 17% for the first four months of the year on a 17% increase in volume traded. The recent market correction, nevertheless, is expected to drag on capital raisings for the next six months. The pullback in the share price now means the stock is in line with fair value and the broker upgrades to Hold from Sell. Target of $58.50 is maintained.