Analysts believe that STO has less exposure than WDS to potential moves from Treasurer Chalmers but both have remained firm over recent months. As we’ve touched on a few times over recent weeks the current market is delivering outperformance in the quality stocks, WDS has rallied nicely from its 2021 low while STO is basically unchanged, hence we prefer WDS until further notice.
- We see no reason to chase STO as it continues to rotate around $7.
MM remains neutral towards STO
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