Business
Why Eagers Auto, Orocobre, Sims, & Titomic shares are storming higher
In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.2% to 7,078.3 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:
Eagers Automotive Ltd (ASX: APE)
The Eagers Automotive share price has climbed 4% to $16.21. Investors have been buying the auto retailer’s shares after Morgan Stanley responded positively to its recent trading update. The broker notes that Eagers Automotive is trading well-ahead of expectations so far in FY 2021. In addition, the broker believes it is well-placed to be a much more profitable company in the future. Morgan Stanley has retained its…
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