Australian Shares Recommendations

OneSteel (OST) has an Outperform recommendation and a suggested upside of over 10% in the stock from Australian stock analyst Macquarie Research Equities.

OneSteel (OST) : Demand for Steel - Demand for OneSteel

Here are the Macquarie Research Commodities (MRC) reviews about the current market for Gold and insights about their Gold price forecast.

China – Gold Fever

If you are bullish on the long term China story, you should also be bullish on Gold. Like Oil, Gold has recently surged in price driven by demand from China and other major Developing Countries. In today’s note, Macquarie Research Commodities (MRC) reviews the current market for Gold and provides an insight into their Gold price forecast of $1,100/oz in the medium term.

Commonwealth Bank (CBA) has a neutral stock recommendation and a share price target of $47.50 from Australian stockmarket analysts from Citi.

Commonwealth Bank (CBA) Wealth Management levers

Wealth Management update shows CBA relatively well placed:

Qantas Airways (QAN) has a $4.30 share price target from Australian stock analyst Macquarie Research Equities.

Qantas Airways (QAN) Starts taking the necessary steps

Shows management’s flexibility:

CSL (CSL) has a target price of $42.00 from Australian Stockmarket analyst Macquarie Research Equities.

CSL (CSL)Caution on timing of Cervarix US Approval & we update for FX impact

Delays to Cervarix US approval could be protracted:

Overnight, UBS analysts acknowledged that a 2010 USA launch for GlaxoSmithKline’s cervical cancer vaccine "Cervarix" is at risk. UBSe had previously assumed a 2010 launch, a view "more bearish than consensus" which expected US FDA approval in CY09.

Gardasil monopoly till 2010 a boost to royalties payable to CSL:

Wesfarmers (WES) has a $39.75 share price target from Australian stockmarket analysts from Citi.

Wesfarmers (WES) Coal price upgrades drive EPS up c.20%

Event: We have upgraded our coal price assumptions:

Here is an update on the Australian banking sector provided by Australian market analyst UBS.

Results and M&A - an eventful month

Reporting season surprised on the upside:

Asciano Group (AIO) has a share price target of $6.50 from Australian stockmarket analyst Macquarie Research Equities.

Asciano Group (AIO) April volume tracker

Another solid month:

Key indicators remained positive through April with strong international container volume growth offsetting low single digit Hunter Valley export coal and automotive imports. Surprisingly, container imports continue to show strength despite concerns of a consumer discretionary slowdown.

April aggregate volume growth was 9%:

Here is an update on the Australian Resources Sector provided by Australian market analyst UBS.

Small Cap Resources

The resource sector has continued to outperform the market as a result of strong global demand. In today’s note, Macquarie Research Equities (MRE) reviews some the smaller cap players that have a strong outlook including Kagara Ltd (KZL) and Felix Resources Limited (FLX)

Kagara Ltd (KZL) – Outperform $5.60 Target

Telstra Corporation (TLS) has a target price of $4.90 and an Outperform recommendation from Australian Stockmarket analyst Macquarie Research Equities.

Telstra Corporation (TLS): Do You Own a Mobile Phone?