0039 GMT - The impact of Westpac's restructuring and technology overhaul on operating costs will be among several areas of interest to Jefferies analyst Andrew Lyons when the lender reports its annual result next week. Lyons tells clients in a note that he is keen to get any additional insight into the Australian bank's thinking on FY 2026 expenses given what he calls various idiosyncratic moving parts to its cost base. The restructuring costs that he has already included in his September-half forecasts should bring productivity benefits. He is also looking for detail on the next phases of the tech overhaul and provisioning. Jefferies lifts its target price 2.9% to A$34.00 and keeps a hold rating on the stock, which is up almost 1.1% at A$39.28. ([email protected])

0008 GMT - EVT's bulls at Citi think the Australian entertainment group is probably some time away from divesting its cinema business. Analysts Sam Teeger and William Park tell clients in a note that recent weakness at the Australian box office and content supply disruptions mean EVT is likely to keep hold of the business for now, despite management's comment that they are constantly evaluating its corporate structure. EVT's commentary around its prime location at Sydney's 525 George Street is seen at Citi as suggesting a sale will only occur if the company gets a price it is happy with. Upside could emerge if the property is sold together with one adjacent to it, they add. Citi raises its target price 4.8% to A$17.30 and maintains a buy rating. Shares are up 0.8% at A$14.33. ([email protected])

2354 GMT - The surprise exit of Nuix's chief executive raises questions at RBC Capital Markets. Analyst Garry Sherriff wonders why CEO Jonathan Rubinsztein is being moved on so swiftly and without any handover process. He also thinks investors will ask why the Australian intelligence-software provider didn't appoint an insider as interim CEO. While Nuix has announced no changes to its near-term guidance or strategy, Sherriff tells clients in a note that the market might want some detail on the company's annualized contract value, margins and free cash flow. RBC has a last-published sector-perform rating and A$2.60 target price on the stock, which is down 18% at A$2.38. ([email protected])

2353 GMT - Investors are anxiously awaiting Ramelius Resources's five-year outlook following its acquisition of Spartan Resources, Euroz Hartleys says in a note. The study is due out Tuesday. The market is "nervous around the production and capex outlook," especially over FY 2026-2027, the broker says. That has resulted in the miner's share price underperforming peers in recent weeks, it says. In the miner's 1Q production result, Ramelius notes grades at Cue have fallen following several quarters of outperformance. Euroz Hartleys has a buy rating and A$4.00 target on Ramelius. The stock is down 6.3% at A$3.28. ([email protected]; @RhiannonHoyle)

2324 GMT - Pantoro Gold 1Q output misses Moelis Australia's expectations because of operational challenges. The bank reiterates a hold rating and A$5.25 target. "This was clearly a much softer quarter than we were expecting," say analysts Paul Hissey and Nic McRostie. Management cited production issues at both the OK Underground and Scotia Underground operations, which resulted in a material drop in feed grades. "The disruptions have been described as one-off in nature, with FY26 guidance maintained," say the analysts. Yet meeting the bottom end of production guidance will require roughly 27,000 ounces per quarter for the remaining three quarters, they say. The miner reported 1Q output of 19,551 ounces. The stock is down 0.4% at A$5.30. ([email protected]; @RhiannonHoyle)

(END) Dow Jones Newswires