Business
Why IDP Education, Lake Resources, Mach7, & Tyro shares are shooting higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 0.2% to 6,815.5 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are shooting higher:
The IDP Education share price is up 2.5% to $20.92. Investors have been buying the student placement and language testing company’s shares following the release of a broker note out of UBS. According to the note, its analysts have retained their buy rating and lifted the price target on the company’s shares to $23.00. UBS believes that trading conditions are continuing to improve and expects IDP Education to deliver strong earnings growth…
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