Business
These 2 ASX stocks jumped after a broker upgrade to “buy” today
Our share market jumped higher at the open but two ASX stocks are outperforming after UBS upgraded them to “buy”.
The S&P/ASX 200 Index (Index:^AXJO) gained 0.9% at the time of writing on positive overnight leads from Wall Street.
But that pales in comparison to the 4.9% surge in the Healius Ltd (ASX: HLS) share price to $4.11.
Big “buy” upgrade lifts the HLS share price
The big increase the share price of the medical facilities operator coincided with UBS’ big upgrade of the stock today.
The broker lifted its recommendation on the HLS share price by two full notches to “buy” from “sell”. It also pumped up its 12-month price target to $4.40 from $2.70 a share.
“In our view, HLS is now far better placed to…
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