Buy, Sell, Hold – what the brokers say

Founder of FNArena
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In the good books

MIRVAC GROUP (MGR) Upgrade to Overweight from Underweight by Morgan StanleyB/H/S: 4/2/0

Morgan Stanley retains a positive view on residential exposure, believing the re-emergence of house price growth is an indicator for a multiple re-rating while settlement concerns are over stated.

Furthermore, volume and margin growth are supported by pre-sales, rising prices and fixed term contracts, suiting the stock and likely to deliver over 6% earnings growth in FY17, the broker maintains.

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