Morgan Stanley downgrades Johns Lyng Group Ltd (JLG) to a Hold
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
According to TipRanks, Wang is ranked #2861 out of 9822 analysts.
Johns Lyng Group Ltd has an analyst consensus of Hold, with a price target consensus of A$4.00, implying a 2.83% upside from current levels. In a report released yesterday, Jefferies also downgraded the stock to a Hold with a A$4.00 price target.
Based on Johns Lyng Group Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$573.13 million and a net profit of A$14.47 million. In comparison, last year the company earned a revenue of A$610.6 million and had a net profit of A$23.36 million
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Morgan Stanley Lifts PT on The Charles Schwab Corporation (SCHW) to $117, Keeps Overweight Rating
The Charles Schwab Corporation (NYSE:SCHW) is one of the best long term low volatility stocks to buy now. On July 15, Morgan Stanley raised the firm's price target on The Charles Schwab Corporation (NYSE:SCHW) to $117 from $83 while keeping an Overweight rating on the shares. A corporate finance professional studying a financial performance chart. The firm told investors that it has become increasingly selective as the market goes into the Q2 earnings season. It also added that it still sees scope for interest rates, inflation, and tariffs to support rates and credit volumes. The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company that engages in securities brokerage, wealth management, custody, asset management, and financial advisory services. Its operations are divided into Advisor Services and Investor Services segments. While we acknowledge the potential of SCHW 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
21 minutes ago
- Business Insider
MeridianLink (MLNK) Receives a Sell from Bank of America Securities
In a report released on July 18, Koji Ikeda from Bank of America Securities maintained a Sell rating on MeridianLink, with a price target of $17.00. The company's shares closed last Friday at $16.21. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ikeda is a 5-star analyst with an average return of 12.6% and a 59.05% success rate. Ikeda covers the Technology sector, focusing on stocks such as Datadog, nCino, and Gitlab. MeridianLink has an analyst consensus of Hold, with a price target consensus of $17.00.
Business Insider
21 minutes ago
- Business Insider
Bank of America Securities Sticks to Their Sell Rating for Portland GE (POR)
Bank of America Securities analyst Ross Fowler maintained a Sell rating on Portland GE on July 18 and set a price target of $41.00. The company's shares closed last Friday at $40.02. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Fowler is a 4-star analyst with an average return of 5.3% and a 63.48% success rate. Fowler covers the Utilities sector, focusing on stocks such as Alliant Energy, Northwestern, and PG&E. The word on The Street in general, suggests a Hold analyst consensus rating for Portland GE with a $45.11 average price target.
