The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and is up an impressive 1.1% to 5,736 points in afternoon trade.
Four shares which have climbed more than most today are listed below. Here's why they are higher:
The BT Investment Management Ltd (ASX: BTT) share price has climbed almost 5% to $11.23. According to one broker, BTIM's shares could still climb higher from here. This morning analysts at Macquarie upgraded the leading fund manager to an overweight rating with a $12.05 price target. Whilst I am a fan of the company, I'm staying clear of it due to the Brexit.
The Netcomm Wireless Ltd (ASX: NTC) share price is up 6.5% to $1.80. This morning the company announced that it is working with telco giant AT&T Inc. to supply the outdoor wireless antennas needed to bring fixed wireless connectivity to select rural and underserved premises in parts of 18 states in the United States.
The Treasury Wine Estates Ltd (ASX: TWE) share price is up 5% to $12.96 thanks to a research note out of Morgan Stanley. According to the note, analysts at the investment bank reiterated their overweight rating and $14.00 price target on the wine company's shares this morning. I agree with Morgan Stanley on this one and believe it is a good investment option.
The Updater Inc (ASX: UPD) share price is up 5.5% to $1.05 after the exciting technology company provided an update on its market penetration in the United States. According to the release, Updater's estimated market penetration of quarterly moves processed for the second quarter of 2017 surpassed 11% of all household moves in the United States. I believe the strong growth it is exhibiting makes it worth a closer look.
