Ord Minnett has switched to whitelabeling research from Morningstar instead of JP Morgan previously.

While it had appeared Ord Minnett had ceased coverage of Ardent, the switch has resulted in a "cut" (downgrade) to Lighten as the share price has moved through the broker's trigger level. Fair value 55c.

Sector: Consumer Services.

Target price is $0.55.Current Price is $0.66. Difference: ($0.11) - (brackets indicate current price is over target). If ALG meets the Ord Minnett target it will return approximately -19% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2023 Acquisdata Pty Ltd., source FN Arena