The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The index measures the entire housing market, including houses, townhouses, and units.

Digging deeper into the data from CoreLogic, we see that the median Australian house price and apartment price both increased by 0.6% in March.

CoreLogic research director Tim Lawless said this was the 14th consecutive month of growth, however, price gains varied across individual markets.

At one end of the scale we have Perth's housing market where values were up 1.9% over the month, followed by Adelaide and Brisbane with 1.4% and 1.1% growth.

The remaining capitals are showing much lower rates of change, although Melbourne is the only capital city to record a negative quarterly movement, down -0.2% over the first three months of the year.

Among the regional markets, regional Western Australia led the way with an extraordinarily strong 2.1% growth in home values in March. Regional South Australia and regional Queensland followed with 1.1%.

Lawless added:

The diversity in housing value outcomes can be explained by significant differences in factors like housing affordability, demand-side pressures from population growth and shortcomings in housing supply.

Focusing on the extreme growth conditions in Perth, despite such a rapid pace of capital gains, housing values remain relatively affordable compared with the larger capital cities.

Housing remains in short supply and purchasing demand is still high due to interstate and overseas migration rates that are well above average.

Meantime, the ASX 200 rose over the month due to optimism over possible interest rate cuts soon.

Last Thursday, the ASX 200 hit a new record high with an intraday peak of 7,901.2 points. The benchmark is currently trading at 7,906.7 points, up 0.12% on Tuesday.

Shares vs. property price growth in March

Here is how shares vs. property performed in terms of price growth in the month of March.

Source: CoreLogic

Top 5 risers of the ASX 200 in March

The S&P/ASX 200 Index (ASX: XJO) appreciated by 2.57% in March.

According to CommSec data, these ASX 200 shares below outperformed the benchmark index by a mile.

Here were the top risers of the month.

Source: CommSec

What drove the Life360 share price higher?

Life360 released its FY23 results last month, revealing adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of US$20.6 million.

Investors were impressed given the company's guidance had been far lower at US$12 million to US$16 million. The Life360 share price gained 24% shortly after the market open on the day of the news.

The technology company is now guiding an adjusted EBITDA of between US$30 million and US$35 million for FY24.

Life360 also announced the launch of a new advertising revenue stream, with advertising partners gaining access to its free user base and more than 20 million daily active users (DAU).

Co-founder and CEO, Chris Hulls said:

We have consistently spoken of the potential that our investment in the core user experience, and the scaling of our MAU [monthly active users] base, would provide for the future.

We are encouraged by the success of early testing and see the opportunity to deliver an attractive platform to advertisers, while continuing to provide a great user experience.

The post How ASX shares vs. property performed in March appeared first on The Motley Fool Australia.

While this was an impressive gain, it wasn't as strong as some that were recorded on the ASX 200 index.

For example, the best-performing ASX 200 shares last month are named below. Here's how they performed:

Life360 Inc (ASX: 360)

The Life360 share price was the best performer on the ASX 200 in March with a 65% gain. Investors were fighting to get hold of the location technology company's shares following the release of its FY 2023 results. Life360 posted a 52% jump in subscription revenue to US$200 million and smashed its earnings guidance with adjusted EBITDA US$20.6 million. The latter compares to its guidance of US$12 million to US$16 million. In addition, the company announced plans to monetise its 60 million monthly active users with the launch of an advertising business.

West African Resources Ltd (ASX: WAF)

The West African Resources share price was the next best performer with a 38% gain last month. Investors were buying West African Resources and other ASX gold miners after the price of the precious metal surged. This was driven by optimism that inflation is now cooling and interest rates are going to fall. In addition, the company was granted a mining permit for the Toega gold deposit in Burkina Faso. For similar reasons, Ramelius Resources Ltd (ASX: RMS) shares were on fire and rose 31% in March.

Virgin Money UK (ASX: VUK)

The Virgin Money UK share price caught the eye with a monthly gain of 33%. Investors were snapping up the UK-based bank's shares after it received a takeover offer. Nationwide Building Society tabled an offer of 220 British pence per share, which equates to $4.26 per share based on current exchange rates. This values the bank at approximately $5.7 billion. Virgin Money UK has since accepted the offer.

Alumina Ltd (ASX: AWC)

The Alumina share price was on form and raced 29% higher in March. This was also driven by a takeover approach. In the middle of the month, Alumina entered into a scheme implementation deed with Alcoa Corporation. This will see Alcoa acquire 100% of Alumina by way of a scheme of arrangement for 0.02854 Alcoa shares for each Alumina share held. Alcoa shares were trading at US$33.21 on Thursday, valuing the offer at US$0.948 per share (A$1.45 per share).

The post These were the best-performing ASX 200 shares in March appeared first on The Motley Fool Australia.

This morning, the benchmark index has followed Wall Street's lead and stormed 0.8% higher to a new record high of 7,889.5 points.

Unsurprisingly, a good number of ASX 200 shares have followed the market's lead and are pushing higher with it today.

In fact, some have even managed to climb to 52-week highs (or better) today. Let's take a look at those ASX 200 shares now:

• Aurizon Holdings Ltd (ASX: AZJ) shares have reached a 52-week high of $4.02.
• Brambles Ltd (ASX: BXB) shares hit a 52-week high of $16.23.
• Goodman Group (ASX: GMG) shares climbed to a record high of $34.03.
• Harvey Norman Holdings Limited (ASX: HVN) shares have reached a two-year high of $5.10.
• Lovisa Holdings Ltd (ASX: LOV) shares have printed a new record high of $33.22.
• Macquarie Group Ltd (ASX: MQG) shares hit a 52-week high of $200.25.
• Northern Star Resources Ltd (ASX: NST) shares are at a multi-year high of $14.56.
• QBE Insurance Group Ltd (ASX: QBE) shares have reached a multi-year high of $18.30.
• Ramelius Resources Ltd (ASX: RMS) shares are to a two-year high of $1.84.
• RED 5 Limited (ASX: RED) shares have hit a decade-high of 38.5 cents.
• Vicinity Centres (ASX: VCX) shares are up to a four-year high of $2.14.
• Virgin Money UK (ASX: VUK) shares have climbed to a five-year high of $4.13.
• West African Resources Ltd (ASX: WAF) shares are at a 52-week high of $1.20.

Shareholders of these ASX 200 shares will no doubt be hoping the rest of 2024 is equally positive. Time will tell if that is the case, but fingers crossed they do!

The post 13 ASX 200 shares at 52-week highs appeared first on The Motley Fool Australia.

But even though the broader market is suffering today, we are still seeing several ASX 200 shares hit new 52-week highs.

Let's check them out.

5 ASX 200 shares smashing new 52-week highs today

First up is ASX and British banking stock Virgin Money UK plc (ASX: VUK). Virgin Money shares are enjoying a 0.24% tick upwards at present to $4.11 a share, which happens to be this bank's new 52-week high for the past 12 months. It's also the highest that Virgin Money shares have traded at since 2018.

This company has been on a rocket ship of late, thanks to a generous takeover offer of approximately $4.25 a share, which looks like it may go ahead soon.

Next up we have ASX 200 oil stock Beach Energy Ltd (ASX: BPT). Beach shares have enjoyed a huge 4.73% rise today and are presently sitting at $1.82 a pop. But earlier this morning, we saw this company get up to a high of $1.84, which is the new 12-month benchmark for Beach.

This may have something to do with a positive broker note out on Beach today.  As my Fool colleague covered earlier, ASX broker Morgans has given the company an add rating, alongside a 1-month share price target of $2.15.

NRW Holdings Ltd (ASX: NWH) is another ASX 200 share worth mentioning. NRW shares have risen a healthy 1.77% so far today up to $2.88 a share, which is also the contract services company's fresh new high for the last year.

There's been nothing out of the company itself that might explain this new high today. However, NRW shares traded ex-dividend yesterday, so this could just be an enthusiastic rebound from that stock price dip.

Chemicals and clothes

Next on the 52-week train today is ASX 200 chemical and explosives manufacturer Orica Ltd (ASX: ORI). Orica shares are also having a pleasant day, with the company currently enjoying a 1.86% boost up to $18.04 a share. That comes after Orica hit $18.05 a share this afternoon, which, you guessed it, is a new 52-week high.

This might be related to the recent Orica share purchase plan, which has just wrapped up. As we covered last month, the company is raising $465 million to help purchase sodium cyanide manufacturer Cyanco Intermediate 4 Corp. ASX filings today show several management figures participating in the share purchase plan. This could be giving Orica shares a boost too.

Finally, let's check out ASX 200 retail stock Premier Investments Limited (ASX: PMV). Premier shares are up a rosy 3.88% right now at $31.80 each. But this is after the company spiked to $33.51 a share this morning just after open – the new 52-week high for Premier.

This seems to be a direct result of the company's earnings results and demerger plans that were announced this morning. As we went through, these had Premier reveal slight drops in sales, earnings and profits.

But investors seem excited about the plans to spin off Premier's star performers Smiggle and Peter Alexander into separate entities in 2025.

The post These 5 ASX 200 shares just hit new 52-week highs appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But that doesn't mean all Australian shares are losing steam today. So let's check out three ASX shares that are defying the broader market to push higher.

Three Australian shares bucking the markets today

Block Inc (ASX: SQ2)

Block, the owner of Afterpay (which enabled this US-based tech share to join the ASX) is first up. Block shares are crushing the ASX, with the payments stock currently up 1.98% at $127.68 a share. There's been no major ASX news out of this company today that might easily explain this move.

However, Block's Australian shares are actually extensions of the company's primary US stock. Last night, we saw Block Inc (NYSE: SQ) shares rocket 3.18% to finish up at US$84.05. This continues a trend we've seen for the past few months, with Block's US stock now up almost 88% since September.

It's likely that this rise on the New York Stock Exchange overnight is what is driving Block's ASX shares higher today.

Goodman Group (ASX: GMG)

Our next stock is a bonafide Australian share – well, a real estate investment trust (REIT) to be precise. Goodman Group units are also crushing the ASX today, with the REIT up a solid 2% to $31.62 a unit.

There hasn't been much in the way of news out from Goodman in recent days either. Saying that, this is also an investment that has been delivering returns for investors in spades over the past few weeks. Goodman units are up 10.8% over the past month alone, and up more than 46% over the past six months.

Investors were particularly delighted with the half-year earnings report Goodman put out last month. This included a revelation that the REIT has increased its operating profit by 29% year on year to $1.13 billion. Goodman units have been leaping higher ever since. This goodwill could be what is helping Goodman stave off the market's bad mood today.

Virgin Money UK plc (ASX: VUK)

Most Australian bank shares are having an awful Friday. That includes Virgin Money's old owner National Australia Bank Ltd (ASX: NAB). But not Virgin Money itself. This ASX bank share is currently enjoying a healthy 3.42% boost up to $4.08.

Virgin Money has been in the news rather regularly lately, thanks to a takeover offer from the UK-based Nationwide Building Society. As we covered at the time, Nationwide Building Society's offer of 220 British pence per share for Virgin Money saw the bank jump almost 35% on the ASX.

This morning, Virgin Money released an announcement confirming this offer. This would value Virgin Money stock at approximately $4.25 in Australian dollars. So it's perhaps no surprise to see this bank climb towards that figure today.

The post 3 Australian shares quietly crushing the ASX today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Block Inc (ASX: SQ2)

The Block share price is up 2% to $127.85. This is despite there being no news out of the payments company on Friday. Though, it is worth noting that its NYSE-listed shares stormed 3% higher overnight, so its locally listed shares are playing catch up today. Block's shares are now up 26% since this time last month thanks largely to the release of an impressive result in February. Its exposure to booming cryptocurrencies may also be giving its shares an added boost.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 4% to 17.2 cents. This has been driven by the release of exploration results from the Finniss operation. Management revealed that wide zones of spodumene mineralisation were intersected in drilling at the high priority Ah Hoy and Seadog prospects. These results suggest the potential for these two adjacent prospects to form part of a larger cluster of mineralised pegmatites. Its exploration will now focus on testing large scale pegmatite targets which can potentially sustain lower cost production.

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

The Fisher & Paykel Healthcare share price is up 5.5% to $23.72. This follows the release of a guidance update from the medical device company this morning. Fisher & Paykel Healthcare was previously expecting operating revenue of NZ$1.7 billion and net profit after tax of approximately NZ$250 million to NZ$260 million for FY 2024. It has now updated this to operating revenue of NZ$1.73 billion and underlying profit after tax (excluding any fair value changes) of NZ$260 million to NZ$265 million.

Virgin Money UK (ASX: VUK)

The Virgin Money UK share price is up 3.5% to $4.08. This has been driven by an update on its takeover approach by Nationwide Building Society. According to the release, the two parties have agreed the terms of a recommended cash acquisition of Virgin Money UK by Nationwide. Under the terms of the acquisition, each Virgin Money shareholder will be entitled to receive 220 pence (~A$4.29) in cash per share.

The post Why Block, Core Lithium, Fisher & Paykel Healthcare, and Virgin Money are rising today appeared first on The Motley Fool Australia.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 poised to fall

The Australian share market looks set to end the week in the red despite a good night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 14 points or 0.2% lower this morning. In late trade on Wall Street, the Dow Jones is up 0.8%, the S&P 500 is up 0.45%, and the NASDAQ is up 0.35%.

Oil prices soften

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a subdued finish to the week after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.3% to US$81.01 a barrel and the Brent crude oil price is down 0.3% to US$85.71 a barrel. Weaker than expected gasoline demand in the US put pressure on prices.

Brickworks downgraded

The Brickworks Limited (ASX: BKW) share price could be fully valued now according to analysts at Bell Potter. In response to the building products company's half-year results, the broker has downgraded its shares to a hold rating with a $29.00 price target. Bell Potter said: "We remain attracted to BKW's significant property development pipeline and ~50% short-WALE book in a supply constrained Western Sydney market. That said, with SOL's premium to NTA having widened to ~8% (BPe) we mark BKW at close to fair value at this time."

Gold price storms higher

ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a poor session after the gold price dropped overnight. According to CNBC, the spot gold price is up 1.1% to US$2,185.1 an ounce. Rate cut optimism boosted the precious metal.

Virgin Money UK takeover deal

Virgin Money UK (ASX: VUK) shares will be on watch on Friday after the UK-based bank released an update on its takeover approach by Nationwide Building Society. According to the release, the two parties have agreed the terms of a recommended cash acquisition of Virgin Money by Nationwide. Under the terms of the acquisition, each Virgin Money shareholder will be entitled to receive 220 pence (~A$4.29) in cash per share.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

Here's what saw these three large-cap stocks grab our attention.

ASX 200 shares grabbing the Motley Fool's headlines

The first ASX 200 share catching the Motley Fool's attention this week was lithium stock Pilbara Minerals Ltd (ASX: PLS).

Pilbara made headlines on Tuesday when shares in the lithium producer closed the day down 7.0%.

It wasn't just Pilbara shares under selling pressure on Tuesday. Most all ASX lithium stocks ended the day deep in the red.

This looks to have been driven by a 6.8% overnight decline in Albemarle Corporation (NYSE: ALB). That fall came after the North American lithium giant announced it was issuing new shares to raise US$1.9 billion.

With lithium prices down some 80% from their peak, investors likely feared that lithium stocks like Pilbara might be next in line to announce a dilutive capital raise.

Which brings us to the second ASX 200 share leaping into the Motley Fool's headlines this week, UK-based banking stock Virgin Money UK (ASX: VUK).

Virgin Money made news on Friday after its shares soared more than 33%.

This came after the bank reported that it had received a potential cash takeover offer from Nationwide Building Society.

Based on Friday's exchange rates with the British pound, the offer values Virgin Money at $4.26 per share. That's almost 39% above Thursday's closing price.

Rounding off the list of ASX 200 shares that claimed the Motley Fool's headlines this week is mining giant BHP Group Ltd (ASX: BHP).

BHP made the news on 7 March when the miner's stock traded ex-dividend.

This saw the BHP share price close the day down 1.1%, as investors buying on the day were no longer eligible to receive the fully franked $1.10 interim dividend. Investors who owned BHP shares at market close on Wednesday can expect to see that cash payout hit their bank accounts on 28 March.

BHP, the biggest stock on the ASX 200, trades on a fully franked trailing yield of 5.4%

The post Why these 3 ASX 200 shares grabbed the Motley Fool's headlines this record-breaking week appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is up 4% to $1.34. This may have been driven by a broker note out of Goldman Sachs yesterday. It put a buy rating and $1.66 price target on the bank stock. Goldman said: "We think the market's skepticism around the at-scale NIM focuses on the lending spread assumption of mid-4%, given the 1H24 spread was <4%."

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is up 5% to $1.26. This is despite there being no news out of the uranium miner today. However, it is worth noting that most ASX uranium shares are racing higher today. Investors may believe recent weakness in the industry has created a buying opportunity.

Virgin Money UK (ASX: VUK)

The Virgin Money share price is up 33% to $4.08. Investors have been buying the UK-based bank's shares after it received a takeover offer. Nationwide Building Society has tabled an offer of 220 British pence per share. This equates to $4.26 per share based on current exchange rates and values the bank at approximately $5.7 billion.

WA1 Resources Ltd (ASX: WA1)

The WA1 Resources share price is up 2% to $13.20. This morning, analysts at Bell Potter initiated coverage on the niobium explorer's shares with a speculative buy rating and $17.65 price target. The broker believes the company's "Luni [deposit] has the potential to be a globally significant Tier-1 asset characterised by its high-grade and scale."

The post Why Judo, Paladin Energy, Virgin Money, and WA1 shares are racing higher appeared first on The Motley Fool Australia.

In morning trade, the UK-based banking stock is up 34% to $4.12.

Why is the Virgin Money share price rocketing?

Investors have been scrambling to buy the bank's shares today after it received a takeover offer.

According to the release, the company has reached a preliminary agreement with Nationwide Building Society on a potential cash takeover.

Nationwide has tabled an offer of 220 British pence per share. This equates to A$4.26 per share based on current exchange rates and values the bank at approximately $5.7 billion.

The offer comprises a 218 British pence per share cash consideration and a 2 British pence per share dividend. The latter would be paid shortly before the completion of the potential takeover.

Eligible shareholders will also continue to receive the upcoming dividend of 2 British pence per share, which is scheduled to be paid on 20 March.

Takeover rationale

The boards of Virgin Money and Nationwide believe that the deal would combine two complementary businesses.

They highlight that it would create a combined group with total assets of approximately GBP366.3 billion pounds and total lending and advances of approximately GBP283.5 billion. This would make it the second-largest provider of mortgages and savings in the UK.

The Virgin Money UK board revealed that it carefully evaluated the offer with its financial advisers and concluded that it would be willing to recommend it if a firm offer is made on the same financial terms.

Virgin Money UK chair David Bennett commented:

The Board of Virgin Money is pleased that Nationwide recognises the considerable strengths and opportunities that exist across our business, with the potential acquisition delivering attractive value for our shareholders. We are confident that a combination would support an exciting new chapter for Virgin Money to benefit from Nationwide's scale and ambition.

This sentiment was echoed by the bank's CEO, David Duffy. He said:

This potential transaction with Nationwide represents an exciting opportunity to build on the significant progress we have made in becoming the only new Tier 1 bank in recent history. The combined scale and strength would expand our customer offering and complete our journey in the banking sector as a national competitor.

However, the bank has warned that there's no certainty that any firm offer will be made.

The post Virgin Money share price pops 34% on takeover bid appeared first on The Motley Fool Australia.

Next week, we'll see not one, not two, but seven ASX 200 shares trade ex-dividend.

A company's ex-dividend date is not the day when the dividend gets paid out. Rather, it's the date that decides who gets the latest dividend from an income share, and who misses out.

Put simply, if you own a company's shares before that company reaches its latest ex-dividend date and you still hold them when that date rolls around, then you will be in line to receive the dividend (and the attached franking credits if applicable).

But if you buy those shares on or after the ex-dividend date, the dividend payment will go to the former owner of those shares.

Because a company's shares become inherently less valuable when the company trades ex-dividend (as they no longer come with the rights to the upcoming payment), we often see a sizeable share price drop on the ex-dividend date.

7 ASX 200 shares that are about to trade ex-dividend

Here's a list of the ASX 200 shares that will cut off dividend eligibility next week:

So keep your eye on these ASX 200 shares next week. We'll probably see some big share price movements (and not good ones) when these stocks trade ex-dividend.

And if you want any of these upcoming dividend payments, you'd better be quick to buy these shares before their respective ex-dividend dates.

The post 7 ASX 200 shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:

Domain Holdings Australia Ltd (ASX: DHG)

According to a note out of Bell Potter, its analysts have initiated coverage on this property listings company's shares with a buy rating and $3.95 price target. The broker highlights that Domain's shares are trading at an all-time high discount to its main rival on the ASX. It sees this as a buying opportunity, particularly given the positive operating environment. The Domain share price is trading at $3.51 today.

Lovisa Holdings Ltd (ASX: LOV)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this fashion jewellery retailer's shares with an improved price target of $26.50. The broker has been looking into the company's opportunity in China and likes what it sees. It notes that the market is 25 times larger than Australia. It also highlights that the latest customer reviews for Lovisa from Mainland China on the dominant social media app, Xiaohongshu, have been positive. The Lovisa share price is fetching $23.74 on Wednesday.

Virgin Money UK (ASX: VUK)

Analysts at Macquarie have retained their outperform rating on this UK bank's shares with an increased price target of $3.70. This follows the release of a quarterly update that was in line with expectations. In addition, the broker highlights that the UK economy has been improving steadily. In light of this, it feels that Virgin Money UK's shares are looking attractive at current levels. The Virgin Money UK share price is trading at $3.10 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Fortescue Ltd (ASX: FMG)

The Fortescue share price is up 2% to $26.38. Earlier today, the iron ore miner's shares hit a record high. Investors appear to believe that the price of the steel-making ingredient will stay higher for longer due to demand in China.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is up almost 5% to 28.25 cents. This morning, the biotechnology company confirmed that its CEO, Silviu Itescu, invested $3 million in its institutional placement. Itescu paid 30 cents per new share, which is ahead of current levels. The market appears to believe this is a sign of confidence that the worst could be now behind the company.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up 3% to $8.65. This may have been driven by a broker note out of Morgan Stanley. Its analysts have retained their overweight rating and lifted their price target on the online furniture and homewares retailer's shares to $9.25. The broker believes the company can hit its $1 billion revenue target in the coming years.

Virgin Money UK (ASX: VUK)

The Virgin Money share price is up 3% to $3.03. This may also have been driven by a bullish broker note. According to a note out of Macquarie, its analysts have upgraded this UK bank's shares to an outperform rating with an improved price target of $3.45. It is feeling more upbeat on the bank's outlook following its results.

The post Why Fortescue, Mesoblast, Temple & Webster, and Virgin Money shares are rising appeared first on The Motley Fool Australia.