In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is dropping lower. At the time of writing, the benchmark index is down a disappointing 0.45% to 7,033.8 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:
Accent Group Ltd (ASX: AX1)
The Accent share price is up 3.5% to $2.54. This is despite there being no news out of the footwear retailer today. However, earlier this month analysts at Bell Potter spoke positively about the company. According to the note, its analysts have put a buy rating and $2.65 price target on Accent’s shares.
Bank of Queensland Limited (ASX: BOQ)
The Bank of Queensland share price has pushed over 2% higher to $9.11. This follows the announcement of a correction to its earnings per share figures from its half year results earlier this month. In addition to this, this morning Morgan Stanley upgraded the bank’s shares to an overweight rating with a $10.00 price target.
Freelancer Ltd (ASX: FLN)
The Freelancer share price has surged 6% higher to 81.5 cents. Investors have been buying the freelancing marketplace provider’s shares following its first quarter update. Freelancer reported Gross Payment Volume of US$192.9 million for the quarter. This was a record quarterly high and up 39% on the prior corresponding period.
Zip Co Ltd (ASX: Z1P)
The Zip share price has risen 2% to $9.15. This morning rival Afterpay Ltd (ASX: APT) released its third quarter update and advised that it was looking into a US listing. There have been rumours swirling around that Zip was planning to do the same. Doing so could open the company up to US fund managers and give its greater access to capital markets. Investors appear to believe Zip will follow suit in the near term.