In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is in positive territory and higher by almost 0.2% to 5,660 points.
Four shares which have climbed more than most today are listed below. Here's why they are storming higher:
The a2 Milk Company Ltd (Australia) (ASX: A2M) share price has continued its strong run and is higher by 5% to $6.63. The dairy company's shares were given a lift yesterday when Goldman Sachs upgraded its shares to a buy rating with a $7.25 price target.
The EML Payments Ltd (ASX: EML) share price is up almost 6% to $2.16 after the payment solutions provider announced that it has signed a multi-year agreement with InfoSync Services for B2B virtual payments. The agreement will see the outsourced accounting and payroll provider refer its restaurants clients to EML Payments for virtual supplier payments or a purchasing card.
The Galaxy Resources Limited (ASX: GXY) share price continues to climb higher, this time by 2.5% to $3.04. Investors continue to pile into the lithium miner after it revealed that it is in informal discussions with Tesla battery supplier Panasonic and other battery suppliers. Whilst its shares are looking close to fully valued now, I still think it could be a great long-term buy and hold investment. Though it is reasonably high risk.
The Qantas Airways Limited (ASX: QAN) share price is up 3% to $6.11 after Goldman Sachs slapped a buy rating and $6.86 price target on the airline's shares. According to the note, the broker expects Australian domestic volumes will resume growth in FY 2018 to FY 2020. This will be complemented by the benefits of increased capacity to and from the United States and China.
