Goldman Sachs analyst Michael Peet removed Elders from the firm’s Conviction List but keeps a Buy rating on the shares with a A$13.20 price target. The analyst believes the stock’s current valuation has more than factored in any cyclical earnings impact and "significantly undervalues the quality of the company."
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly