HVN has corrected well over 20% as the sectors come off the boil which has led to broker upgrades with targets around $6, our feeling is the recent correction is building in most of the potentially bad news leaving room for surprises on the upside. Like the broad market any gains / recovery has been very muted so far but we feel this is a prime candidate for an excellent run within a Christmas rally plus an estimated 7% yield remains very attractive in anyone’s language making it an option for both our Flagship Growth and Income Portfolios.
MM likes the risk / reward on HVN around $5
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