AU daily stock ratings: Premier Investments, Uniti, Nearmap and more

$Carnarvon Energy Ltd(CVN.AU)$: Macquarie has a neutral call on the company's stock.

Carnarvon's A$70 million equity raising means the energy company could retain up to 12.5% of the Dorado oil discovery in Australia, Macquarie says.

Shares are 3.17% higher at A$0.33.

$Xero Ltd(XRO.AU)$: Jefferies has a buy rating and A$139.09 target price on the stock.

Xero's current valuation doesn't reflect the accounting software firm's potential for growth in the U.S., where industry feedback suggests its open platform is winning fans, Jefferies says.

Shares are 5.28% higher at A$107.66.

$Uniti Group Ltd(UWL.AU)$: Ord Minnett to upgrade the stock to accumulate from hold. The broker raises its target price on Uniti by 23% to A$5.00.

Uniti's exclusive engagement with HRL Morrison and Brookfield following the pair's improved takeover proposal, represents an enterprise value of 26 times Uniti's FY 2022 earnings, as estimated by Ord Minnett.

Shares are 0.86% higher at A$4.68.

$Nearmap Ltd(NEA.AU)$: Canaccord Genuity keeps its buy rating with A$3.00 target price on the stock.

The investment bank says the stock is trading at about four times annual revenue despite Nearmap's highly profitable Australian business and strong U.S. performance.

Shares are 0.66% higher at A$1.52.

$Premier Investments Ltd(PMV.AU)$: Goldman Sachs retains its sell rating, but lifts its target price by 3.0% to A$24.30.

The investment bank expects the emergence of a more normal promotional and consumption environment following a period of strong margins in apparel.

Shares are 1.27% higher at A$28.68.