Broker Recommendations

RBC Capital downgrades MJ Gleeson after profit warning

By Michele Maatouk

Date: Wednesday 04 Jun 2025

(Sharecast News) - RBC Capital Markets downgraded MJ Gleeson and slashed the price target on Wednesday after the housebuilder's profit warning.
"Gleeson issued an unscheduled trading update this morning reducing profit expectations for the year ending 30 June 2025 and 30 June 2026," it noted.

"We have reduced our estimates...

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