The team at Morgans has been busy looking at a number of popular ASX shares this month.
Let's see if the broker is bullish or bearish on these names. Here's what it is saying:
G50 Corp Ltd (ASX: G50)
Morgans has initiated coverage on this mineral exploration company's shares with a speculative buy rating and $2.14 price target.
The broker likes G50 due to its exposure to exposure to gold, silver, and critical metals. It notes the latter are becoming increasingly important for semiconductor, AI, and defence related supply chains.
Commenting on the stock, Morgans said:
We initiate coverage on G50 Corp with a SPECULATIVE BUY rating and price target of A$2.14ps. A US-centric asset portfolio (Golconda and White Caps) provides growing exposure to both precious metals (gold and silver) and critical metals gallium and antimony, both of which are being increasingly recognised as strategic commodities by the US given their importance across semiconductor, AI and defence related supply chains.
Lottery Corporation Ltd (ASX: TLC)
The team at Morgans is feeling positive about this lotteries company. However, not quite enough for a buy recommendation. It has put an accumulate rating and slightly trimmed price target of $5.90 on Lottery Corp's shares.
The broker highlights that its investor day event revealed how management is resetting the business and reframing its growth potential. It also likes how licences covering 90% of lotteries turnover are now secured until at least 2050. Morgans explains:
The Lottery Corporation's (TLC) Investor Day in Sydney highlighted two key areas: resetting the operating model and reframing how the market should think about TLC's growth potential. Three standalone business verticals (Lotteries, Digital, Keno) will replace the prior structure from 1 July, generating ~$10m of annualised savings on a full run-rate basis, which will be reinvested into digital capability, AI and product development.
No medium-term financial targets were provided. Importantly, the VIC licence extension to 2068 means that over 90% of lotteries turnover is now licenced until at least 2050. Near-term opex guidance was trimmed $10m at the midpoint and all existing guidance was reaffirmed.
Treasury Wine Estates Ltd (ASX: TWE)
Morgans was pleased with this wine giant's investor day update. As well as its performance continuing to improve, the broker was pleased with Treasury Wine's transformation program.
This has seen Morgans upgrade its earnings estimates and reaffirm its buy rating with a new $5.95 price target. It commented:
TWE's Investor Day was the positive share price catalyst we were expecting. Solid depletions growth continues and the mid-point of FY26 EBITS guidance was slightly ahead of consensus estimates. Importantly, Ascent or TWE's transformation program is expected to deliver sustainable, high-quality earnings growth and deleverage the balance sheet over the medium to long term.
We have upgraded our FY27 and FY28 forecasts. Given TWE's low trading multiples and our belief that new management can deliver more acceptable returns overtime, we reiterate our BUY recommendation with a new A$5.95 price target.
The post Buy, hold, sell: G50, Lottery Corp, and Treasury Wine shares appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended The Lottery Corporation and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has recommended The Lottery Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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