Australian Shares Recommendations

Australia and New Zealand Banking Group (ANZ) has a neutral stock recommendation with a 12 month price target of $24.38 from sharemarket analyst Macquarie Research Equities.

Australia and New Zealand Banking Group (ANZ) – Wing Lung Deal and a Prayer?!

Here is a update on Macquarie Group from Australian market analyst UBS.

Macquarie Group Ltd: Solid FY08e Result Expected, All Eyes on FY09e CommentaryMQG

AMP (AMP) remained MRE’s preferred low risk, large cap wealth management exposure from Australian stockmarket analysts from Citi.

AMP (AMP): A Super Chance to Buy for Growth

CSR has a maintained Hold / Medium Risk recommendation from Australian stockmarket analyst Macquarie Research Equities.

CSR Ltd: Building Products Surprise, Sugar Disappoints

Result Ahead — CSR's underlying result of $192.8m was ahead of our $181.0m estimate. The main areas of difference were a stronger-than-expected result in the property division and a weak result in sugar.

MRE has maintained it’s outperform on the stock with a 35% potential upside over the next 12 months.

Can Telecommunications be Sexy with Large Returns?

MRE has retained it’s outperform recommendation for CAB with a $11.05 price target, with the suggested upside of over 20%.

Cabcharge Australia (CAB) – Taxi!!

Cabcharge Australia Limited (CAB) has reported on the performance of its non-core investments, a 49% stake in Westbus, which accounts for around 11% of NPAT and a 33% stake in Cityfleet (UK), which accounts for around 3-4% of NPAT. Today, Macquarie Research Equities (MRE) reviews these results and the expected performance of CAB in the near term.

Insurance Australia Group Limited (IAG) has signed an agreement with State Bank of India (SBI) from sharemarket analyst Macquarie Research Equities.

Insurance Australia Group (IAG) a step closer to India

Event: Signs agreement with State Bank of India:

Alumina Limited (AWC) has a share price target of $6.70 from Australian stockmarket analyst Macquarie Research Equities.

Alumina Limited (AWC) announces US$300m convertible bond

Event: AWC announces US$300m convertible bond:

AGL Energy (AGK) has a $15.07 share price target from Australian stock analyst Macquarie Research Equities

AGL Energy (AGK) The happy family talks it up - Strategy day

Focus on readiness for the new regime:

Carbon pricing and renewables as well as NSW privatisation are seen as key drivers of AGL growth opportunities over the next five years, particularly renewables where wind seems likely to offer good returns on capital.

Retail strategy based around scale and new IT platform on track:

Orica (ORI) has a price target of $32.30 from Australian stock analyst UBS

Yara to proceed with Burrup AN plant

New 350kt ammonium nitrate (AN) plant:

Global fertiliser group, Yara International, has announced a Memorandum of Understanding with Burrup Holdings to build a new 350kt AN plant on Western Australia's Burrup Peninsula. Yara will handle the marketing of the AN, which represents its first entry into the Australian AN market.

Regional oversupply temporarily emerges in 2012: