0344 GMT - Corporate Travel Management loses a bull in Citi over the extended time it's taking to finalize its accounts. "Overall, we see reasons to be optimistic with a material five-year new contract win in the UK starting from FY26, and potential adjustments isolated to just Europe and flagged as non-cash," analyst Samuel Seow says in a note. Still, that is offset by the uncertainty that investors face as they wait for the Australian travel booker's fiscal statements, Seow says. Citi downgrades the stock to neutral from buy while lifting its target price to A$16.10 from A$15.65. Corporate Travel shares are suspended. They last traded in August at A$16.07. ([email protected]; @RhiannonHoyle)

0307 GMT - Ramelius Resources is Morgans' top pick among ASX gold producers, thanks to consistent cash generation and a high-grade resource base, analyst Ross Bennett says. "In precious metals, grade is king and drives high margins," he says. The broker reinitiates coverage with an accumulate recommendation and a A$4.00 target. Ramelius has a robust balance sheet and "a platform for sustained, meaningful free cash flow," says Bennett. Shares trade at A$3.80, up 3.8% on Friday's close and 84% higher year to date, supported by a surge in gold prices. ([email protected]; @RhiannonHoyle)

0238 GMT - The naming of Colin Greenhill as the new CEO of Bravura Solutions is a welcome development, according to Evans and Partners analysts. "Greenhill appears to be a well-credentialed executive with extensive and relevant experience in long sales cycle financial services software businesses," the analysts say in a note. His appointment reduces uncertainty, they say. The analysts reckon the decision to base the role in the U.K. is understandable given Bravura's business is much bigger in the EMEA region than in Australia and New Zealand. Shares are unlikely to rise too much on the appointment, however, given recent gains, they say. The broker is positive on the stock, with a A$2.95 target. Bravura is up 1.2% at A$2.48. ([email protected]; @RhiannonHoyle)

0216 GMT - Commonwealth Bank of Australia might be Australia's cost efficient and profitable bank, but there is room for even it to make productivity gains and cost reductions ahead, according to UBS analysts. "The obvious cost out is assumed to come from AI especially in the context of current investment spend, the announced partnership with OpenAI, and senior management focus on these capabilities, across divisions," say the analysts. Yet that might not be the source of gains, at least in the near term. Rather, they reckon more immediate cost reductions could come from CBA moderating its rate of hiring or voluntary employee turnover--currently at a multiyear low--returning to longer-term historical averages. UBS keeps a sell rating on CBA and reiterates a A$125.00 target. CBA is up 1.8% at A$167.76. ([email protected]; @RhiannonHoyle)

0051 GMT - EMVision Medical Devices bull Bell Potter raises its target on the stock after a A$12 million equity raising at A$1.94/share. Bell Potter analyst Martyn Jacobs had expected a raising of A$20 million in FY 2026 at A$1.50/share, "so this raising is less dilutionary than expected," he says. The broker's target goes to A$3.15 from A$2.95. It reiterates a buy rating. EMVision is down 1.3% at A$1.915. ([email protected]; @RhiannonHoyle)

The completion of Mineral Resources' Onslow Iron haul-road upgrade is positive, even if somewhat expected, RBC Capital Markets analyst Kaan Peker says in a note. Importantly, it should give further confidence that the miner will get its contingent payment from Morgan Stanley Infrastructure Partners, supporting efforts to reduce its debt load, Peker says. RBC expects the miner will now ramp up the Onslow operations while prioritizing its balance sheet and reducing capital expenditure. RBC has an outperform rating and A$41.00 target on Mineral Resources; the stock closed Friday at A$41.29. ([email protected]; @RhiannonHoyle)

2327 GMT -- Bell Potter analysts Chami Ratnapala and Leo Armati keep their bullish call on Premier Investments after the company reported its fiscal 2025 result. The earnings were broadly in line with market expectations, the Bell Potter analysts say, with revenue a 1% beat to consensus but retail Ebit a 1% miss. Looking ahead, the Bell Potter analysts say that Premier is trading at a discount to their coverage. They point out that Premier's retail division has "two global roll-out worthy brands" and that the company has a strong balance sheet supportive of M&A. ([email protected])

Macquarie reckons spending on artificial intelligence will continue to boom, with capital expenditure expectations rising and market sentiment positive--but not over the top. "We also think the AI boom may not be over until either OpenAI or xAI are listed (perhaps both)," or there is a mega-merger of two leading tech companies, analysts at the bank say in a note. Macquarie remains overweight AI-related exposures on the ASX, including Nextdc, Megaport and Goodman Group. ([email protected]; @RhiannonHoyle)

2304 GMT -- Australian stocks are poised to rise on Monday, with futures up more than 0.2% ahead of the open. The bullish sentiment comes after a positive performance from U.S. stocks on Friday, when investors looked past sticky inflation data and a new round of tariffs to send major indexes higher, snapping a three-day losing streak. In Australia, the main S&P/ASX 200 benchmark rose nearly 0.2% last week after posting losses in the prior three weeks. In corporate news Monday, Hastings said it would sell its gold assets to Metal Bank, Mineral Resources said it finished upgrades to the Onslow Iron haul road and Deterra Royalties said it completed a sale of gold offtakes and royalties. ([email protected])

(END) Dow Jones Newswires