VBA - Credit Suisse rates the stock as OutperformBY BROKER NEWS...

VBA - Credit Suisse rates the stock as Outperform
BY BROKER NEWS - 27/11/2009

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Management increased FY10 guidance at the AGM and the broker has increased its forecasts on higher domestic yields and a stronger AUD, with only some offset from higher oil forecasts.

The big change was that management was expecting a break even result for FY10, but it now expects a profitable outcome. The Outperform call is maintained, while the price target jumps to $0.76 (from $0.55) on the higher earnings. Sector: Transportation.

Target price is $0.76.Current Price is $0.52. Difference: $0.25 - (brackets indicate current price is over target). If VBA meets the Credit Suisse target it will return approximately 32% (excluding dividends, fees and charges - negative figures indicate an expected loss).