BlueScope Steel (ASX:BSL) recently announced the appointment of its new chair, Jane Mcaloon.

This news follows the retirement of their previous chair, John Bevan.

BlueScope Steel is an international steel manufacturer which specializes in flat steel products, derived mainly from Australia and the Asian region.

Analysts at Jefferies have revised their EPS forecast for Australia’s Domain Holdings (ASX:DHG), reducing the estimation by 6% each for FY24 and FY25.

The basis for these downgrades lies in the company’s guidance for higher depreciation, as well as increased amortization and interest expenses, as detailed by the brokerage.

Jefferies has also reduced its PT for the shares of Domain Holdings, from A$4.38 per share to A$4.34 per share.

Among eleven analysts, one recommends a ‘strong buy’ for the stock, nine suggest to ‘hold’, while one voices a ‘strong sell’.

The median PT stands at A$3.80, according to Refinitiv.

As per the latest closing, the stock has appreciated by 38.8% this year.

Domain Holdings is a digital property company specialising in real estate advertising and services.

Citi, a leading brokerage firm, reported that the annual results of NRW Holdings (ASX:NWH) for 2023 were in alignment with their projections.

The brokerage firm has increased the price target from A$2.90 to A$3.15 while maintaining a ‘buy’ rating for the company’s stock.

NRW Holdings (ASX:NWH) shared its FY earnings, revealing that it had posted a revenue of A$2.7 billion, reflecting a positive increase of 11.4% from FY22.

The earnings were in line with what was expected according to the company’s guidance.

The FY EBITA reached A$166.3 million, marking an uptick of 13.3% from FY22.

Citi is estimating an FY24 EBITA of A$185 million for NRW Holdings (ASX:NWH), which would be at the high end of the company’s guidance range.

As per Refinitiv data, out of 8 analysts, 4 have rated the stock as ‘buy’ or higher, one suggested ‘hold’, and the collective median price target is A$3.09.

The stock of NRW Holdings (ASX:NWH) was reported to be down by 4.3% at the end of last year.

NRW Holdings is a leading company engaged in providing diversified services across globe.

Analysts at brokerage firm Jefferies indicate that the positive results recently put forth by building materials manufacturer, Boral (ASX:BLD), still serve as a pivotal factor leading to the upgrades of Seven Group Holdings (ASX:SVW).

Jefferies has subsequently raised their price target on the Australian contractor by 13%, putting it at A$30.08 per share.

While SVW has posted an EBIT growth of 20% for FY23, exceeding both their own and the market’s expectations, according to Jefferies.

In addition, another brokerage firm, Morningstar, has also increased their fair value estimate on the company by 6% to A$27.50 per share.

Morningstar underscores Seven Group Holdings' (ASX:SVW) interactions with companies listed on ASX, particularly Boral (ASX:BLD), as the main propelling force behind the upgrade.

The firm further commented that the company should direct more focus towards debt reduction, even though its debts are now at ‘comfortable’ levels.

The prevalent macroeconomic setup continues to favor Seven Group Holdings, which provides a solid backing to its forecast of high single-digit EBIT growth in FY24, according to Jefferies.

As of the most recent market closure, the company’s stock has soared 28.7% this year.

Boral (ASX:BLD) is a manufacturer of building and construction materials.

Financial analysts at Morningstar have raised their fair value estimate on fund manager GQG Partners (ASX:GQG) to A$2 per share, up from A$1.90 per share.

They have stated that GQG’s mid-year results exceeded their expectations, attributing this performance to the company’s efficient management of growth in operating expenses.

They project that GQG will continue to draw more net inflows over time.

In light of these developments, the analysts have reported that GQG saw net inflows of $6.2 billion during the first half of the year, an impressive figure given investors' cautious approach to risk assets.

As of the last closure, GQG’s stock has risen by 7.5% this year.

GQG Partners (ASX:GQG) is a fund management company.

Analysts at Jefferies have revised their price target on Australian contractor Seven Group (ASX:SVW), increasing it by 13% to A$30.08 per share.

The company has reported EBIT growth of 20% for FY23, surpassing both its own and market estimates.

According to Jefferies, the macroeconomic context continues to support a favourable forecast for Seven Group.

They predict high single-digit EBIT growth in FY24.

Furthermore, the positive results posted by building materials maker Boral earlier in the month are said to be a significant driving factor for Seven Group’s forecasts.

This year, up to the last close, the stock of Seven Group has risen by 28.7%.

Seven Group is an Australian industrial services and media company.

Financial analysts at Morningstar have increased the fair value estimate for Australian poultry producer Inghams Group (ASX:ING) by 6% to A$3.70 following the announcement of its FY23 results.

Inghams recorded significant gains on the back of a substantial final dividend paid to shareholders, driven by surging poultry prices.

The firm’s FY23 EBITDA was 2% above Morningstar’s estimate, reaching A$434 million.

Given the positive industry dynamics, Morningstar anticipates a further enhancement in the company’s profitability in the 2024 fiscal year.

Additionally, the brokerage notes that population growth, increasing per-capita chicken consumption, and consistent margin recovery could bolster Inghams' performance.

Inghams Group’s (ASX:ING) stock has experienced an 11.5% increase this year, as of its most recent closing.

Inghams Group (ASX:ING) is a major producer of poultry in Australia.

Canaccord Genuity analysts have reduced the price target on Southern Cross Media (ASX:SXL), a leading Australian media company, to A$0.85 per share from A$1.15 per share.

The company reported a headline revenue of A$504 million for FY23, narrowly missing the estimates set by Canaccord.

The media firm also revealed a 12% reduction in their earnings before interest, taxes, depreciation, and amortization (EBITDA) for FY23, which also fell short of projections.

The brokerage firm subsequently cut the EBITDA forecasts for FY24 and FY25 by 9% each.

In addition, EPS estimates were further reduced by 17% and 20% for FY24 and FY25.

Of six analysts, two rate the company’s stock as a ‘buy,’ three consider it a ‘hold,’ and one recommends to ‘sell.’ The median price target settled at A$1.13 according to Refinitiv data.

Southern Cross Media’s (ASX:SXL) stock had seen a fall of 23.9% this year, as of its last closing.

Southern Cross Media (ASX:SXL) is a major media company in Australia, specializing in broadcasting, publishing, and online media.

Telstra Group’s (ASX:TLS) decision not to divest its InfraCo unit has been deemed the right move by Jefferies.

The investment firm defends this decision, given the demand from hyperscalers to support the sector’s artificial intelligence needs.

Telstra Group had shelved plans last Thursday to sell a stake in its physical infrastructure unit, InfraCo, which led to a drop in its shares by around 2.5%.

Nevertheless, Jefferies retains a ‘buy’ status on Telstra Group shares, with expectations of the company gaining more market share in the mobile business.

Additionally, they foresee the company securing more long-term contracts for its infrastructure unit.

Analysts at Morningstar said the decision to keep InfraCo sent shockwaves among investors and likely investment bankers too.

However, they also do not see a rush in divesting the unit which is linked to the mobile business as it could limit other potential partnerships.

Despite the initial drop, Telstra Group’s stock has seen an overall rise of 3.5% this year, as of the last close.

Telstra Group is an Australian telecommunications company that owns InfraCo, a physical infrastructure unit.

Fonterra (ASX:FCG) has updated its forecast for the 2023/24 season farmgate milk prices, marking a reduction from initially projected prices of NZ$6.25 to NZ$7.75 per kilogram of milk solids (kgms).

The revised price range is now set at NZ$6.00 to NZ$7.50 per kgms, with a midpoint of NZ$6.75 per kgms.

This adjustment follows a continued decline in Global Dairy Trade prices since the New Zealand-based dairy company initially reassessed its farmgate milk price earlier in August.

Fonterra cited weakening demand for whole milk powder from key importing regions as a leading factor in the deflation of prices.

However, they anticipate that demand will begin to rebound in the second half of FY24, albeit at a more subdued pace compared to initial expectations.

Fonterra is a dairy co-operative headquartered in New Zealand, known for being the world’s largest exporter of dairy products.