OzForex downgraded

A small bounce from recent lows has taken the online currency transfer business beyond our Buy price.

Shares in OzForex have risen 9% since our update on its recent profit warning and the cessation of takeover talks with Western Union. That takes the stock past our $2 Buy price and we're downgrading to HOLD.

Note: Our Growth and Equity Income portfolios own shares in OzForex. You can find out about investing directly in Intelligent Investor and InvestSMART portfolios by clicking here.

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