0037 GMT - UBS analyst Kieren Chidgey stays cautious on Computershare despite what he sees as incremental upside risk to the Australian share-registry provider's full-year guidance. Keeping a neutral rating on the stock, Chidgey tells clients in a note that strong transactional activity across Computershare's markets looks supportive. He points to momentum across global corporate action activity and U.S. corporate trust debt issuance, as well as equity markets that underpin employee share-plan trading. Nonetheless, uncertainty over equities tokenization and broader blockchain impacts keeps him from becoming more positive. UBS cuts its target price 3.1% to A$37.80. Shares are up 1.0% at A$34.96. ([email protected])

0014 GMT - Bank of Queensland's new bull at Citi reckons that the Australian lender's management team is executing well on a targeted strategy to improve medium-term returns. Raising his recommendation to buy from neutral, analyst Thomas Strong raises his earnings forecasts on higher swap rates and term-deposit pricing. He likes the prioritization of capital allocation into business banking, as well as measures being taken to improve retail banking profitability. Strong tells clients in a note that the stock's recent derating presents investors with an opportunity. Citi lifts its target price by 2.1% to A$7.15. Shares are up 2.3% at A$6.61. ([email protected])

0008 GMT - Ora Banda Mining's latest drill results strengthen the case for Waihi to be the company's third underground gold mine, says Euroz Hartleys. Drilling delivered high gold grades, strong widths, and mineralized extensions, says analyst Mike Millikan. All is within around two miles of the Davyhurst processing plant in Western Australia. "In addition, a new mineralized structure has been discovered west of Waihi's Golden Pole lode further highlighting the exploration upside, opening up another promising zone for follow-up drilling, and potential resource growth," Euroz Hartleys says. Its price target lifts by 8.8% to A$1.85/share. Ora Banda Mining is up 1.3% at A$1.625. ([email protected]; @dwinningWSJ)

2341 GMT - Super Retail's stock has fallen to a six-month low after its 1H pretax profit estimate missed consensus hopes. For Morgans, that share-price pullback presents an opportunity for investors. Morgans upgrades Super Retail to accumulate, from hold, even as its price target drops 12% to A$17.00/share. "Supercheap Auto remains stable, Macpac is strengthening, and headwinds at rebel (promotional activity, network investment) and BCF (weather) appear cyclical rather than structural," analyst Jared Gelsomino says. Super Retail is down 0.3% at A$14.61. ([email protected]; @dwinningWSJ)

2339 GMT - ANZ gains a new bull at Citi, where analyst Thomas Strong believes that the Australian bank's valuation remains relatively undemanding, despite its shares outperforming those of its rivals in 2025. Raising his recommendation to buy from neutral, Strong tells clients in a note that ANZ's re-rating relative to peers still has some way to go. He sees ANZ achieving A$800 million in productivity savings before it starts to realize synergies from its recent acquisition of Suncorp Bank. He believes there is significant valuation support from getting the cost base right, with the challenge of lifting revenue growth being addressed for a later date. Citi raises its target price by 8.9% to A$40.30. Shares are up 0.3% at A$36.48. ([email protected])

2334 GMT - Canaccord Genuity lifts its price target on metal-detection specialist Codan by 7.3% to A$40.28/share, but says this doesn't include the potential for any M&A. Analyst Cameron Bell muses about a A$400 million acquisition completed at a multiple of 10x Ebitda. Canaccord estimates this would boost Codan's FY 2026 EPS by a low double-digit percent. It would also leave Codan's net debt-to-Ebitda metric manageable at 1.4x, the bank says. "And if it translated to being valued by the market at half Codan's current PE multiple, it could add over A$2.00 per share to the share price," Canaccord says. Codan is up 0.8% at A$36.85. ([email protected]; @dwinningWSJ)

2242 GMT - Judo Capital gets placed under a 90-day upside catalyst watch at Citi on the chance that the Australian business lender's first-half result puts it in a position to beat annual guidance. Analyst Thomas Strong doesn't expect management to lift guidance at next month's first-half result announcement, but thinks that recent term-deposit pricing moves relative to swap rates could drive a better-than-expected net interest margin at the end of the reporting period. He tells clients in a note that outlook commentary could be stronger as a result. Citi keeps a buy rating and A$2.15 target price on the stock, which is at A$1.825 ahead of the open. ([email protected])

2239 GMT - Costume jewelry retailer Lovisa gets a new bull in Canaccord Genuity, which highlights a more appealing risk-reward backdrop. Canaccord's upgrade to buy, from hold, is based on confidence in FY 2027 earnings as Lovisa accelerates the roll out of new stores. Canaccord also sees "potential scope to sweat operating costs after a period of heavy investment." Lovisa's share price has fallen some 30% over four months, moving its price-to-earnings multiple closer to a level that has provided attractive entry points in the past. Still, analyst Allan Franklin says concerns around immediate-term consensus forecasts remain and cost growth could be higher than expected in FY 2026. "We don't, however, see these concerns outweighing the attractiveness of the investment opportunity on offer," Canaccord says. ([email protected]; @dwinningWSJ)

2216 GMT - The drivers of WiseTech Global's revenue acceleration will come under scrutiny at Jarden when the logistics software provider reports its first-half result next month. Jarden's analysts point out in a note to clients that the Australian company's annual guidance implies a 12%-13% acceleration in second-half revenue from its CargoWise platform. They wonder how much this is driven by WiseTech's new Container Transport Optimisation product, and how much is from the so-called value packs introduced with its new pricing model. They also want to know if customer churn rates have moved with the introduction of the value packs. Jarden lifts its target price 1.4% to A$74.00 and keeps a neutral rating on the stock, which is at A$67.43 ahead of the open. ([email protected])

2156 GMT - The risk of investors rotating out of Australian discretionary retail REITs into daily needs-style landlords prompts Jefferies to change its calls on several stocks. Jefferies downgrades Vicinity Centres to underperform, from hold, while reducing its price target by 11% to A$2.20/share. In contrast, the bank upgrades Charter Hall Retail REIT to buy, from hold. Analyst Andrew Dodds points out that discretionary retail landlords such as Vicinity Centres outperformed in 2025 despite very little news flow and few catalysts. "We think a weaker Christmas/Boxing day retail period (consistent with our consumer team's view), adverse shift in cash rate expectations, and softer management outlook commentary could see this trade unwind," Jefferies says. ([email protected]; @dwinningWSJ)

(END) Dow Jones Newswires