Market wraps 2nd June 2020
Morning Bell - Jessica Amir
The Aussie share market is eyeing a 0.2% gain at the open as investors continue to focus on positivity and global economies reopening. In the U.S, travel and tourism stocks charged, helping the U.S benchmark indices kick off June on a high.
Trading ideas for today:
- Bell Potter upgraded Agribusiness Elders' (ASX:ELD) price target to $11.85, after the agriculture reporting season was better than expected.
- UBS today upgraded Adairs' (ASX:ADH) price target by 13% to $2.15. The stock was also recently upgraded by Goldman Sachs as buy with a target of $2.40.
Investors will be watching Brambles (ASX:BXB), Arena REIT (ASX:ARF) & the RBA meeting today with rates expected to hold at 0.25% given the economy is reopening.