Ideas

The first quarter of fiscal 2023 has proved to be another exceptionally challenging period for global equity markets.

We initiate coverage of DRO with a BUY recommendation and a 12 month price target of $0.24.

Earlier this week Catapult provided an update of sorts and we have outlined the key points.

We have lifted our near-term lithium price outlook, and have increased our price target to $20.04 per share, up from $18.76 per share for Allkem.

We have reviewed our forecasts post the release of the FY22 result last month for Altium (ALU) and put through modest revenue and EBITDA upgrades of 1%, 2% and 3% in FY23, FY24 and FY25.

We have conducted an analysis of recent data points we monitor for Nufarm (NUF) as indicators of activity.