Business
Why Afterpay, BHP, Objective, & Pro Medicus shares are charging higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a positive note. At the time of writing, the benchmark index is up 0.2% to 6,727.8 points.
Four shares that are climbing more than most today are listed below. Here’s why they are charging higher:
The Afterpay share price is up almost 6% to $127.98. This may be partly in response to a bullish broker note out of Morgan Stanley this week. The broker retained its overweight rating and lifted its price target on the payments company’s shares to $136.00. Morgan Stanley notes that app downloads have been increasing strongly in the US and UK. It is forecasting active customers of approximately 13.6 million for the first half of FY 2021. This…
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