The S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and is on course to end the week with a decline. In afternoon trade, the benchmark index is down 0.4% to 7,335.4 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are pushing higher:
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Link Administration Holdings Ltd (ASX: LNK)
The Link share price is up 2.5% to $2.19. This morning, analysts at Citi upgraded this administration services company's shares to a buy rating with a $2.45 price target. The broker was pleased with news that Link has agreed a deal to sell its LFS business to Waystone and settle with the FCA. Citi feels this is a big positive and has been surprised by the market's muted response.
Lynas Rare Earths Ltd (ASX: LYC)
The Lynas share price is up 5% to $6.86. This follows the release of the rare earths producer's quarterly update. Lynas reported a 9% quarter on quarter increase in sales revenue to $237.1 million. This was underpinned by strong neodymium and praseodymium (NdPr) production.
Telix Pharmaceuticals Ltd (ASX: TLX)
The Telix share price is up almost 2% to $9.99. Investors have been buying this pharmaceutical company's shares this week following the release of its quarterly update. Telix reported first quarter revenue of $100.1 million, which was up from $3.7 million a year earlier and 27% from $79 million in the fourth quarter of FY 2022.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 6% to $7.38. This has been driven by the release of the coal miner's quarterly update. As expected, Whitehaven Coal reported a 12% reduction in production to 4.3 million tonnes and a 24% decline in its average coal price. The company also maintained its recently revised guidance for FY 2023.
