1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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UBS has upgraded a raft of lithium miners including PLS, Mineral Resources, Liontown and IGO... UBS has lifted its lithium demand price deck by 11%, underpinned by demand from battery energy storage systems.
The broker also anticipates the market to move into deficit from 2026 onwards...
It rates Mineral Resources (ASX:MIN) and Liontown (ASX:LTR) as 'buys', with a $1.80 target price for Liontown, one of the index leader this Monday...
Elsewhere - Citi has retained it's 'buy' on NRW Holdings (ASX:NWH) after its electrical services business Fredon signed $150 million worth of data centre deals on Friday.
The broker estimates that revenue contribution from these work packages could be as large as 60 to $70 million in FY26.
Meanwhile, Both Citi and UBS have slashed their target prices on Premier Investments (ASX:PMV) to $16.70 and $19 respectively.
The retailer has downgraded its FY26 earnings on Friday... and Citi notes a need for C-suite stability at the Smiggle brand. It rates the stock 'neutral'.
And Bell Potter is upbeat on the gold miner Catalyst Metals (ASX:CYL), resuming coverage with a 'buy', and $9.30 target price.
The broker notes multiple tailwinds, such as high grade mines coming online, few debt and no gold hedging contracts, which allows for full exposure to gold price upside.
