MARKETS SPECTATOR: Brokers caught behind the 8-ball

Bradken's surprising earnings results have suddenly seen brokers jump on the bandwagon. Others are now trying to catch up.

Following yesterday’s better-than-expected first half, Bradken has been upgraded by no less than four brokers this morning. As of yesterday, only seven out of 17 brokers had a buy rating on the stock and now those that were caught behind are trying to play catch up.

Macquarie and Credit Suisse have both upgraded the global supplier of differentiated consumable and capital products to outperform from neutral, with target prices of $7.25 and $7.35 respectively.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles