HomeCo Daily Needs REIT (HDN) was downgraded to a Hold Rating at UBS
UBS analyst Tom Bodor downgraded HomeCo Daily Needs REIT (HDN – Research Report) to a Hold today and set a price target of A$1.40. The company's shares opened today at A$1.32.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Bodor is an analyst with an average return of -0.7% and a 49.52% success rate. Bodor covers the Real Estate sector, focusing on stocks such as Goodman Group, Lendlease Group, and Mirvac Group.
Currently, the analyst consensus on HomeCo Daily Needs REIT is a Strong Buy with an average price target of A$1.41.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
UBS Affirms ‘Neutral' Rating on Automatic Data Processing (ADP) Following Guidance Adjustment
Automatic Data Processing, Inc. (NASDAQ:ADP) is one of the 13 best software stocks to buy now. On June 13, UBS reiterated a 'Neutral' rating on the stock but cut the price target to $315 from $323. The adjustment follows significant updates at the company's investor day in New York City. A trader in a busy trading room, surrounded by real-time market data and automated execution services. The software company revised its revenue growth expectations to 6% and 7% at the event. Management also reiterated they expect earnings per share to grow by between 9% and 11%, a 200 basis point reduction from 2021 predictions. Automatic Data Processing's Professional Employer Organization Segment accounts for about 35% of total revenue and is expected to grow by 6% and 8%, down from a previous forecast of 10% and 12%. UBS remains optimistic about the company's long-term prospects, as it has a 15% market share in the human capital management market. Consequently, it is expected to generate significant value given that the total addressable market is expected to expand to $180 billion from $175 billion. Nevertheless, it maintains a neutral stance as it monitors the impact of technology and distribution investments on margins. Automatic Data Processing, Inc. (NASDAQ:ADP) is a software application company that provides solutions that automate data handling, particularly through software and services, to streamline business operations. While we acknowledge the potential of ADP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Yahoo
an hour ago
- Yahoo
Vistra (VST) Gets Price Target Boost Amid Strong Energy Market Fundamentals
Vistra Corp. (NYSE:VST) is one of the . On June 17, UBS raised the firm's price target on the stock to $207 from $160 and kept a 'Buy' rating on the shares. The price target raise reflects a 'strong fundamental backdrop' for the power sector, the analysts noted. Other factors cited behind the rating affirmation include 'more visible demand, lack of supply response, and bias higher in pricing.' It believes that the power sector is witnessing a 'demand pull' backdrop, coupled with upward pressure on wholesale power prices and potential growth opportunities from future contracting for gas assets. Together, these factors support pushing a higher valuation. An aerial view of the energy producing facility, highlighting its potential of providing utilities to the public. Acknowledging the ongoing market debate about the remaining upside for Vistra, the firm asserted that even though there are some yet-to-be-announced deals that may be factored into the current stock price, the market is likely to sustain higher multiples for independent power producers. Two factors, notably the improving stability and duration of cash flows through contracting opportunities, as well as slowly increasing demand and limited near-term supply response options in the power sector, have resulted in the expectation for a higher valuation. Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. While we acknowledge the potential of VST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
GXO Logistics reports CMA clears acquisition of Wincanton with conditions
GXO Logistics (GXO) announced that the UK Competition and Markets Authority has cleared GXO's acquisition of Wincanton subject to the divestment of a small number of Wincanton grocery contracts in the UK, and that integration will be permitted with the vast majority of the Wincanton business once certain administrative conditions are met. The company also announced that it is raising full-year guidance on organic revenue growth, adjusted EBITDA and adjusted diluted EPS. Malcolm Wilson, Chief Executive Officer of GXO, said, 'We are pleased to have the UK regulatory review concluded and are excited to bring the two businesses together. The combination of GXO and Wincanton will enhance GXO's offering for customers across the UK and Ireland and bring presence in strategic verticals that will serve as a springboard for growth. We are well positioned to move forward swiftly and look forward to welcoming the Wincanton team to GXO.' Integration is expected to commence in the third quarter and the teams are permitted to collaborate on specified ongoing aerospace and defense tenders in the UK effective immediately. No further regulatory reviews are required, the company stated. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on GXO: Disclaimer & DisclosureReport an Issue GXO Logistics introduces enhanced GXO Direct solution in the U.S. GXO Logistics management to meet with Oppenheimer GXO Logistics extends longstanding partnership with bioMerieux GXO Logistics announces new partnership in Netherlands with Toolstation GXO Logistics Stockholders Elect Board Members in 2025
