Australian Shares Recommendations

Macquarie Research Equities (MRE) has an outperform recommendation on Sims Group (SGM) Recommendation with a share price target of $20, following yesterday's spike to a 6 month high. However MRE do believe that in the short to medium term there will be upside risk to earnings. I wonder if they - MRE has any conflicts of interests here - haha, check your charts!

UBS has a Neutral 1 Recommendation on Woolworths Limited (WOW) with a price target of $18.80. UBS valued WOW using the average of a DCF & SOP.

Macquarie Research Equities (MRE) has triggered an upgrade on recommendation for Perpetual (PPT) due to a strong market. MRE have a 12-month price target of $74.50 but this figure can be further revised upwards if market continues its strong performance.

Macquarie Research Equities (MRE) has maintained their outperform recommendation on Aristocrat Leisure (ALL). Last Monday, Aristocrat Leisure (ALL) announced the purchase of the Scandinavian server-based video lottery maker, EssNet Interactive AB, for AUD$70m via a share purchase agreement. Since announcing the deal, ALL shares have dipped over 3%. MRE believes that there is more value in the deal and the market has undervalued the benefits of the transaction in the medium term.

UBS has a Neutral 1 recommendation for CBA with a price target of $43.50. On the other hand Macquarie Research Equities (MRE) have increased their 12 month price target for CBA to $47.60.

UBS currently has a Buy 2 recommendation on BHP with a price target of $32.00.

UBS has a Buy 2 recommendation on RIO with a price target of $90. So you better check out your charts, if you believe what UBS is recommending. Meanwhile, MRE (Macquarie Research Equities) has a 12 month price target on RIO at $73.67 and MRE is Overweight on both BHP and RIO. MRE's price target for BHP is $29.09. Is it time for you to join the resources boom? Or consider going overweight on resources - check your charts before you miss the train.

UBS has a Neutral 2 Recommendation on National Australia Bank [NAB] with a price target of $35.00. Check your charts.

UBS has a Buy 1 recommendation on Macquarie Infrastructure Group [MIG] with a DCF-based valuation of $4.35 (up by 5cps). UBS believes that there is fundamental value in MIG's portfolio that we expect to be realised on a 12-month view. Check your charts!

UBS has maintained its Neutral 1 recommendation on Woodside Petroleum [WPL] with a price target of $44.41 based on a 12-month-forward DCF valuation, significant static gas resources and exploration upside potential. Check your charts!