Jefferies says TPG Telecom (ASX:TPG) could use Vocus’s proposed deal for some assets to pay down its debt and address balance sheet concerns.

The combined entity would rival Optus in terms of network footprint.

Morningstar cautions against exuberance given current market volatility.

Three of 11 analysts rate the stock ‘buy’; median PT A$5.55.

Analysts at Jefferies and Morningstar see earnings growth for Australia’s Credit Corp Group throughout FY24, despite the company reporting a fall in profit for FY23.

The company’s loan book has had a record start for FY24, which Jefferies expects will help earnings further.

Morningstar expects the company’s EBITDA to grow 22% per year over the next five years and sees upside to revenue over the long term.

Brokerages have lowered their price target and fair value estimates due to the fallen FY23 profit.

Jefferies cut the target to A$23.23 from A$23.54, and Morningstar cut it to A$22.50 from A$24.

Jefferies also mentioned the possibility of revised FY24 purchasing guidance before the 1Q24 AGM by CCP.

According to Refinitiv data, four of seven analysts rate the stock as “buy” or higher, two rate it as “hold,” and one rates it as “sell.” The median price target is A$23.23.

The stock has risen 9.7% this year, as of the last close.

Shares of rental and car sharing firm Avis Budget Group fall 1.95% to $216 premarket.

The company reports Q2 revenue of $3.1 bln, missing analysts' consensus of $3.22 bln.

Q2 EPS is $11.01, down 30% from a year earlier.

Three of six brokerages rate the stock “buy” or higher, rest “hold”; their median PT is $246.50.

Up to last close, stock had risen 34.4% YTD.

Avis Budget Group (CAR) is a rental and car sharing firm.

BWP Trust announced that Mark Scatena will succeed Michael Wedgwood as its Managing Director.

Scatena will take up the appointment towards the end of September.

BWP Trust is a property investment trust in Australia.

Shares of Gold Road Resources (ASX:GOR) rise as much as 9.4% to A$1.723.

Macquarie upgrades stock to ‘outperform’ from ‘neutral’, retains A$1.90 price target.

2Q23 performance better than expected.

GOR’s FY AISC guidance lower than estimate.

June quarter gold sales totalled 38,297 ounces at average sales price of A$2,961 per ounce.

Gruyere mine expected to produce between 320,000 and 350,000 ounces in FY23.

Stock down 6.8% YTD.

Genex Power has announced the appointment of Patrick McCarthy as its CFO.

This follows Listing Rule 3.16.4 disclosure requirements.

Cleanspace Holdings announces the appointment of Bree Greeff as interim Chief Financial Officer.

Cleanspace Holdings is a company in the industrial sector.

Icetana Limited appoints Kevin Brown as the new Chief Executive Officer.

Matt Macfarlane is appointed as the non-executive Chair, moving from his current role as CEO.

Current non-executive Chair Geoff Pritchard resigns from the board.

During the half ended 30 June 2023, Commonwealth Bank of Australia (ASX:CBA) will recognise A$212 million of provisions (pre-tax).

Analysts at Citi increase target price for Lynas Rare Earths (ASX:LYC) to A$7.60 from A$7.60 after Q4 production results.

Neodymium-Praseodymium Oxide production in Q4FY23 beat Citi estimates.

Average selling price of product range came in 8% higher than expected.