Morgan Stanley Sticks to Their Sell Rating for Dexus (DEXSF)
In a report released today, Simon Chan from Morgan Stanley maintained a Sell rating on Dexus (DEXSF – Research Report), with a price target of A$7.75. The company's shares closed last Tuesday at $3.97.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Chan is an analyst with an average return of -0.5% and a 40.30% success rate. Chan covers the Real Estate sector, focusing on stocks such as Scentre Group, Charter Hall Group, and Dexus.
Dexus has an analyst consensus of Hold, with a price target consensus of $5.26.
Based on Dexus' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $560.2 million and a net profit of $10.3 million. In comparison, last year the company earned a revenue of $511 million and had a GAAP net loss of $597.2 million
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Moelis CEO-designate joins Wall Street in signaling dealmaking rebound after tariff pause
By Manya Saini (Reuters) -Moelis' incoming CEO Navid Mahmoodzadegan told investors on Tuesday that he is optimistic about the dealmaking environment, as confidence returns following a pause in April triggered by U.S. tariff threats. "I'm optimistic. It definitely feels better and better each day ... The announcement in April, I think set us back a little bit in terms of the M&A environment," he said at the Morgan Stanley U.S. Financials Conference. Investor sentiment soured and stock markets slid after U.S. President Donald Trump's "Liberation Day" tariff threats, stalling risk appetite and slowing deal activity. Appetite for deals has since returned, with market participants and bankers once again seeing an opening for initial public offerings and signs of a pickup in M&A activity. "Everywhere I go, people want to transact. They want to lean into transactions, whether it's companies or private equity firms or capital providers," Mahmoodzadegan said. "We're seeing our clients push us to launch transactions, even if the environment isn't crystal clear." Earlier this week, Moelis said Ken Moelis would step down as CEO of the investment bank and hand the reins to Mahmoodzadegan, its co-founder and co-president. The succession marks a major step for the bank, which has been led solely by Ken Moelis since its founding in 2007. While succession at companies closely tied to founding CEOs can be challenging due to their outsized personal influence, Mahmoodzadegan said it was part of the "natural evolution of the firm." "I think Ken felt that even though he's fully active and will continue to be fully active with clients going forward ... this was a great opportunity at a great time to give more responsibility, not just to me, but to the next generation of bankers," Mahmoodzadegan added. The bank's deal pipeline currently is up from April and is as high as "it's ever been at the firm, or close to it," the CEO-designate said. The comments echo Morgan Stanley CEO Ted Pick's expectation of a strong end of the quarter for the bank as dealmaking and the calendar for equity capital markets are picking up. Last week, top executives at the New York Stock Exchange and Nasdaq also said the IPO market is gaining momentum despite the Trump administration's rapidly shifting tariff policy, adding to the industry's optimism about a meaningful recovery.
CNBC
13 minutes ago
- CNBC
The copper market shows how tariffs are putting traders and businesses in a bind
Lingering uncertainty over the 90-day suspension of President Trump's high tariffs could scramble some traditional market signals as traders and businesses try to get ahead of government policy. Copper is one asset caught up in such a push-pull scenario, according to Morgan Stanley. The metal, sometimes referred to as " Dr. Copper ," has a history of serving as a leading economic indicator due to its wide use in industry. Viewed from that lens, it should be bolstering confidence on Wall Street right now. The front-month contract for copper futures has gained more than 5% since early May — though it is still well below its high of the year reached in late March, right before tariff fears shook markets. @HG.1 YTD mountain Copper futures are trending higher over the past month, though still below the highs of the year. Equities tied to copper are also doing well, with Freeport-McMoRan up more than 11% over the past month, and Southern Copper higher by 8%. However, reality may not be that simple. Amy Gower, commodities strategist at Morgan Stanley, said in a note to clients Tuesday that several factors are muddying the picture for copper, including "front-loading" from U.S. companies who are buying up the metal now, before potential new tariffs take effect. "Copper faces diverging market forces. [London Metal Exchange] inventories are depleting rapidly as copper is pulled to the U.S., boosting timespreads and prices, but China market signals are weakening, suggesting downside risks to come," Gower said. In February, President Donald Trump signed an executive order directing the Commerce Department to look into the possible need for tariffs on copper. That levy would be separate from, and possibly in addition to, the tariffs on shipments from individual countries. If companies keep buying up copper for fear of future tariffs, that could create an "upward squeeze," Gower said. But the supply-demand picture could also change quickly and pull prices down instead. "Already in April, China exported 77kt of copper, and this will likely have continued in May/June, which may provide some relief to LME inventories. On top [of that], the strong solar installations (+70% YTD in Jan-April) are expected to slow from June as new power tariffs come in ... while U.S. demand will slow if copper tariffs are announced," Gower said. — CNBC's Michael Bloom contributed reporting.
Yahoo
16 minutes ago
- Yahoo
GenAI Growth, Creative Cloud Pricing in Focus as Adobe Reports Q2
Adobe (NASDAQ:ADBE) is set to release its fiscal Q2 results on Thursday after markets close, and analysts say the spotlight will be squarely on the company's generative AI roadmap and competitive strategy. Morgan Stanley believes investor worries over Adobe's positioning in the AI space have contributed to the stock underperforming large-cap software peers by roughly 15 percentage points over the past three months. In a note Tuesday, analyst Keith Weiss said low expectations paired with potential gains in annual recurring revenue for Adobe's Digital Media business create a favorable risk-reward setup. The firm rates the stock Overweight with a $510 price target. Weiss also pointed to Adobe's push for innovation at the high end of its product line and more flexible pricing for smaller customers as key to boosting growth. Jefferies echoed that optimism, highlighting Adobe's 7% price hike for Creative Cloud renewals starting June 17. Analyst Brent Thill said the move should help offset headwinds from prior pricing changes and potentially lift 2026 results. Jefferies maintains a Buy rating and a $590 price target. Consensus estimates call for adjusted earnings of $4.97 per share on revenue of $5.8 billion. That compares with $5.08 in adjusted EPS and $5.71 billion in revenue from the previous quarter. Jefferies also flagged currency movements as a potential boost to revenue, estimating a 1 percentage point tailwind compared with current expectations of a neutral to slight headwind. This article first appeared on GuruFocus.
