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Why AGL, PointsBet, Premier Investments, & Star shares are charging higher

These ASX shares are ending the week on a high…
The post Why AGL, PointsBet, Premier Investments, & Star shares are charging higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.45% to 7,621.6 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:

AGL Energy Limited (ASX: AGL)

The AGL share price is up 4% to $7.48. This gain appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has upgraded the energy company’s shares to a neutral rating with an improved $7.30 price target. This follows the release of a full year earnings that was largely in line with its expectations.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is up 2% to $11.36. Investors have been buying this sports betting company’s shares after it announced the receipt of regulatory approval from the West Virginia Lottery Commission. This has allowed the company to launch online sports betting operations in West Virginia with immediate effect. This is the seventh operational US state for PointsBet’s premium sports betting product.

Premier Investments Limited (ASX: PMV)

The Premier Investments share price is up 5% to $28.48. This gain appears to have been driven by a bullish broker note out of UBS this morning. According to the note, the broker has resumed coverage on the retail conglomerate’s shares with a buy rating and $30.00 price target. It is positive on the company’s Peter Alexander and Smiggle brands, believing that they have strong growth potential.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price has risen 5% to $3.51. Investors have been buying the casino and resorts operator’s shares amid reports that its Sydney casino could be allowed an extra 1,000 poker machines. According to the SMH, the NSW government plans to discuss whether to move under-used gaming machine licences from regional areas to the casino.

The post Why AGL, PointsBet, Premier Investments, & Star shares are charging higher appeared first on The Motley Fool Australia.

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More reading

What’s lifting the Star (ASX:SGR) share price today?
ASX 200 midday update: Telstra 52-week high, PointsBet rises on US update

Here’s why the PointsBet (ASX:PBH) share price is racing higher today
3 reopening ASX share ideas as potential buys

The ASX reporting wrap-up: Telstra, AGL Energy, Downer

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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