"Qantas has been awarded with a series of broker upgrades, following yesterday's revised profit guidance.
Merrill Lynch upped the target price on the stock to 3 dollars, from $2.85.
Credit Suisse added 25 cents to its target to $3.50.
And JP Morgan, one of the more bullish brokers, raised its forecast to $3.33 from $3.02.
These upgrades came after the airline said first half profits would likely be better than previously expected, thanks to an increase in the number of passengers flying."
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