Summary: Newsletters maintain their positive stance towards APA Group after its earnings downgrade due to it mostly being related to timing issues, but have slashed their forecasts for Nine Entertainment in response to its earnings cut. Elsewhere, Spotless is highlighted for its attractive medium term outlook and yield, the bad news is finally out for Metcash after it scrapped its dividend and Iron Mountain’s sweetened takeover bid for Recall looks appealing for retail shareholders, analysts say.
Key take-out: APA is executing on its strategy to grow operating cash flow, with lower revenue being offset by lower debt, analysts say.
Key beneficiaries: General investors. Category: Shares.