For stocks within Morgans coverage of general industrials on the ASX, the broker expects weaker operating conditions experienced in the 2H of FY23 will likely persist through FY24.
In an AGM season preview, the analyst states preferred stocks, increases its risk-free rate assumption to 4.2% from 3.6% and makes relatively muted earnings/target changes.
Morgans key picks are the Add-rated
Despite the market's elevated valuation multiple for
Sector: Real Estate.
Target price is
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