Business
Why ALS, BlueScope, FlexiGroup, & Perpetual shares are charging higher // Motley Fool Australia
In late morning trade on Thursday the S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and looks set to end its winning streak. The benchmark index is currently down 0.4% to 6,505.2 points.
Four shares that are not letting that hold them back are listed below. Here’s why they are charging higher:
The ALS share price is up 8% to $10.23 a day after the release of its half year results. The catalyst for this appears to have been a positive reaction to its results from a number of brokers. One that was particularly positive was Macquarie. In response to the release, the broker has retained its outperform rating and lifted the price target on its shares to $10.65.
BlueScope Steel Limited (ASX: BSL)
The BlueScope…
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