MARKET OPEN: Better mood on Wall Street to cheer investors, Sky TV in focus

Thu, 10 Sep 2020

Domestic investors will be cheered by a better night on Wall Street after tech stocks bounced while locally, Sky Network Television’s result will be in focus. The pay-TV company has gained 20 percent this week ahead of its earnings result. Earlier in the week Macquarie upgraded the stock to 'outperform' from 'neutral'. It cut its 12-month target price by 11 percent to 34 cents, but that is still well above yesterday’s close of 16.6 cents. In May the company announced a capital raising and said it expected revenue of $730 million to $...

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