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Company Interview / Broker Moves | Ampol, Charter Hall, Worley

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Broker Moves | Ampol, Charter Hall, Worley

Company Interview21 Nov, 2025

Macquarie has upgraded Ampol from neutral to 'outperform', after lifting the company's refining margin forecasts for 2026.

Macquarie has also lifted its target price on Ampol to $36.

Meanwhile... Morningstar says Charter Hall is 'overvalued', and says it remains cautious on the company's growth path

The Funds manager says the price jump following a guidance upgrade is an "overreaction", with Morningstar having a $19 target price on the stock.

Morningstar calls for caution on the stability of the Funds Under Management growth, as the industry witnesses intensifying competition.

Elsewhere - Jefferies has cut its target price for Worley to $15.50, but has retained its 'buy' rating on the stock.

It comes as the engineering services provider flagged a larger-than-expected earnings skew towards the second half of FY26.

However, Worley has reaffirmed its guidance for the financial year.

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