Positive Report for HomeCo Daily Needs REIT (HDN) from Morgans

Positive Report for HomeCo Daily Needs REIT (HDN) from Morgans reports a bullish note from analyst Liam Schofield at Morgans, who upgraded HomeCo Daily Needs REIT to a Buy. The firm set a price target of A$1.36, while the broader street consensus referenced in the article points to a Hold rating with an average target of A$1.35. The update also cites TipRanks performance metrics for Schofield, including an average return of 7.8% and a 52.50% success rate on recommended stocks. Financially, the article contrasts the company’s latest earnings for the quarter ending December 31, when it posted quarterly revenue of A$190.4 million and net profit of A$243.5 million. It compares those results with the prior year’s revenue of A$179.8 million and net profit of A$116.8 million.