Buy, hold, sell: Evolution Mining, HomeCo, and Macquarie shares

Are you hunting more investment ideas? If you are, it could be worth checking out what Morgans is saying about these popular ASX shares.

Let’s see if the broker thinks they are buys, holds, or sells right now:

Evolution Mining Ltd (ASX: EVN)

This gold miner has been given a hold rating and $14.50 price target by Morgans following its half-year results.

The broker highlights that a slightly softer profit was offset by a larger than expected dividend. It explains:

1H26 result: no major earnings surprises with a small underlying NPAT miss more than offset by a strong dividend beat of 20cps (+6%/+17% vs MorgansF/consensus). Key positives: dividend beat and approval of major projects and studies at Northparkes and Ernest Henry, which are expected to underpin production and throughput across both assets in the medium-to-long-term. Key negatives: there weren’t any. Our adjusted EBITDA forecasts for FY26/FY27/FY28 are -2%/+1%/+1%, respectively. We Maintain a HOLD rating with a A$14.50ps target price.

HomeCo Daily Needs REIT (ASX: HDN)

Morgans was pleased with this REIT’s performance during the first half of FY 2026.

So, with its shares trading at a deep discount to net tangible assets (NTA) and offering a big dividend yield, it has retained its accumulate rating (between hold and buy) with a $1.40 price target. It said:

HDN delivered a consistent set of results, with property fundamentals seeing NOI growth at +4.6% (vs pcp) and NTA growth of 5.4% (vs Jun-25). However, higher rates and increased debt saw FFO growing a more modest 2.8% – a trend we expect to continue as the business navigates potentially higher rates. Given HDN is trading at a 17% discount to NTA, with a 6.7% distribution yield (FY26), there is cause to see value. However, it appears FFO growth greater than inflation may remain elusive for the medium term. On this basis, we retain our Accumulate rating with a $1.40/sh price target.

Macquarie Group Ltd (ASX: MQG)

This investment bank released its third-quarter update this week and Morgans felt it was a solid report.

However, it hasn’t seen enough to change its recommendation. It has maintained its hold rating on Macquarie’s shares with an improved price target of $223.00. The broker said:

MQG has hosted its annual operational briefing, together with releasing its 3Q26 update. On the 3Q26 update, we saw this as a solid performance overall, benefitting from market-facing businesses (CGM and Macquarie Capital) seeing results “substantially up” on the pcp. Additionally, there was an underlying upgrade to CGM guidance, albeit this has been offset, to some degree, by an expected higher FY26 tax rate. We lift our MQG FY26F/FY27F EPS by +2%/+4% reflecting the more positive CGM commentary, blunted somewhat by higher expected tax. Our target price rises to ~$223 (from A$214). We maintain our HOLD recommendation.

The post Buy, hold, sell: Evolution Mining, HomeCo, and Macquarie shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.