Company Interview / Broker Moves | Mining M&As, Computershare, Endeavour Group

Morningstar says that 2026 is shaping up to be a “massive year” for M&A in the mining sector. The investment research firm says that a successful Rio Tinto (ASX: RIO)-Glencore merger would have a domino effect on other mining companies afraid of being left behind. Morningstar expects a steady stream of M&A activity this year including mergers of equals, and senior mining producers acquiring junior producers to quickly strengthen their near-term production profiles.

Elsewhere - Citi has upgraded Computershare (ASX: CPU) from neutral to ‘buy’ with a $39.60 target price. The investment bank affirms that the company is increasingly leveraged to lower rates stimulating US capital markets. It adds that rising M&A, IPO and debt issuance activity could potentially offset softer margin income.

Citi has also upgraded Endeavour (ASX: EDV) to a ‘buy’ after the stock fell on a downbeat trading update. Citi believes that the promotion-led downgrade was largely anticipated, and sees scope for this to be the last downgrade in the near term. Citi notes that while margins fell, it sees encouraging signs in sales trends. The bank has raised its target price for Endeavour to $4.10.